The mother ship of the Indian banking industry is navigating very well in turbulent waters. That’s what we conclude after looking at a very decent set of fourth quarter numbers from State Bank of India.
The CEO session at Annual Banking Conclave Mint 2015 edition 8 have the finest brains in the banking industry gathered together. They are also largest both in terms of assets and market cap. Watch them discuss if both the government and RBI are serious about walking the talk or what we are seeing are only cosmetic changes.
Corporate Affairs Minister M Veerappa Moily today underlined the importance of good corporate governance, particularly in the context of inclusive growth.
Asset quality concerns continue to haunt the Indian banking industry. The total amount of restructured loans during 2011-12 and 2012-13 is expected to be at around Rs 2 lakh crore (Rs 2 trillion) with a significant portion from large-sized corporate entities, stated Crisil Ratings in a report released on Tuesday.
The credit crisis has had minimal impact on customer confidence in the Indian banking industry; 75% of respondents in India say their trust in the banking industry has grown during 2010, reveals a survey conducted by the consulting firm -- Ernst & Young.