Synopsis
Just a few early indicators point out that India’s banking sector may very well be on the cusp of a change. What deserves consideration right here is the change in technique adopted by some lenders and the brand new lending fashions which might be taking form. The post-pandemic period will definitely reshape the contours of banking within the nation. However are the regulators prepared?
The Reserve Financial institution of India (RBI) has positioned yet one more lender, Chennai-based Lakshmi Vilas Financial institution, beneath a moratorium and introduced a draft scheme of amalgamation with Singapore-headquartered DBS Financial institution. The transfer comes at a time when the Sure Financial institution saga continues to be recent in public reminiscence. Whereas the addition of the 93-year-old financial institution to the record of failures within the nation’s monetary sector is certainly a purpose for fear, a more in-depth have a look at the September
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