Tag: banking system

By Amit Kapoor & Chirag Yadav, India's banking sector has been hogging the headlines for all the wrong reasons. It started with the mounting problem of non-performing assets (NPAs) across banks; then came a revelation of systemic fraud in the second-largest state-owned bank; and most recently, topping it all off are damning allegations of irregularities against the head of one of the largest private-sector banks. All of these issues point towards a pandemic problem ailing the Indian banking sector, which cannot be resolved with quick-fix solutions. The government's response to the issue...