Chart of the Day | India’s banking sector among the weakest in emerging markets
India’s policy makers now have no option but to find ways and means of restoring the country’s financial sector to health speedily, without further dilly-dallying.
December 30, 2019 / 10:22 AM IST
The accompanying chart, with data taken from the Reserve Bank of India’s ‘Report on Trend and Progress of Banking in India’, shows how weak the Indian banking sector is, compared to other emerging markets. On each of the three parameters taken -- return on assets, capital-to-risk-weighted assets ratio and non-performing loans -- Indian banks are at the bottom of the list. What this means is that India’s policy makers now have no option but to find ways and...