Road ahead for banking
After the roller-coaster of demonetisation, recapitalisation, FRDI Bill and NPAs, the focus in 2018 will be on recovery
While 2017 was largely a forgettable year for banking — credit growth was anaemic growing by only 9 per cent, gross NPAs rose to over ₹8 lakh crore by September and banks’ as a whole barely managed to remained profitable — it was still in the news on several counts. The ₹2.1-trillion bank recapitalisation plan of the Government initially sent bank stocks surging, but with little clarity on the sou...
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