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

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CEA to banks: Play like Dhoni’s team for global success instead of 90s’ ‘tigers at home but lambs abroad’

Chief Economic Advisor Krishnamurthy V Subramanian said that while China has 18 banks, the US has 12 banks in the global top 100, there are countries “that are a fraction of our (economy) size (but) have far more banks in the global top 100."

from Banking & Finance – The Financial Express https://ift.tt/2Qjo41m

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After micro loans, housing finance to be next key focus for Bandhan Bank: MD

The housing finance book is targeted to grow five times to Rs 1 lakh crore in the next five years from the present level of nearly Rs 20,000 crore, its chief executive and managing director Chandra Shekhar Ghosh told .

from Banking/Finance-Industry-Economic Times https://ift.tt/3him0Tc

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Ability of DHFL to be a going concern will depend on resolution, say auditors

Transaction audit still underway; housing lender posts ₹70.1 crore net in Q1

from Business Line - Money & Banking https://ift.tt/3aTBdaT

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Aditya Birla Sun Life Insurance open to consolidation, says Managing Director Kamlesh Rao

Under the current scenario, it was very difficult to have a short or long-term view about the business, he said adding ABSLI would continue to have a healthy mix of products with a focus on protection and guaranteed solutions.

from Banking/Finance-Industry-Economic Times https://ift.tt/3hyQmRm

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