banking-consolidation-gathers-pace-in-india

Banking consolidation gathers pace in India

Capital requirements and the freeing up of foreign participation will quickly see the number of banks in India reduced by a third.
The room was packed when a panel of speakers convened to review IndiaÆs future as a global market at Sibos on Tuesday. The panel of four experts discussed IndiaÆs economic growth trajectory, its role as a services hub, the availability of qualified workers, and ultimately, the ongoing consolidation of the banking sector.

While the general feeling was positive, the expert speakers warned that the opportunities presented to local and foreign businesses in India come with some caveats. The government seems confident that it can maintain a GDP growth rate of around 8%, but the economy has its soft points, namely the rising current account deficit, an imbalance in trade, and poor productivity in many industries....
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222