Bank­ing Needs More Re­forms

The Economic Times - - The Edit Page -

Apro­pos the Edit, ‘Let’s Not Rush Into More Bank Merg­ers’ (Feb 17), the ap­pre­hen­sion of banks’ rush for merg­ers is rel­e­vant in the con­text of up­com­ing chal­lenges in pay­ment bank­ing, dif­fer­en­ti­ated bank­ing, fi­nan­cial in­clu­sion and prob­a­ble op­er­a­tional is­sues in the GST regime. Of course, In­dian bank­ing needs a new wave of re­forms where big and small banks co­ex­ist for serv­ing mega cor­po­rate projects on one hand and small but cru­cial de­pos­i­tors on the other. NPA and risk man­age­ment need stan­dard­i­s­a­tion in sync with Basel-III norms.

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