Indian banking sector needs to invest in data analytics to grow into $5 tn economy: CEA

Indian banks, especially those in the public sector category controlling two-third of the sector's loan assets, have turned risk averse following a spate of large defaults by private sector promoters and entrepreneurs. This has adversely impacted investment and economic growth, Subramanian said Sunday evening while delivering Bandhan Bank's annual anniversary lecture.

from Banking/Finance-Industry-Economic Times https://ift.tt/2EqN1VZ