With the economy facing a slowdown, the banking sector particularly faces challenges on various fronts. NPAs have risen, and capital base of several banks has seen a depletion, which limits their ability to lend further. If we want to increase growth and newer investments, the banking sector needs to be reformed urgently.
In a way, the task is cut out for the new finance minister and, together with the RBI they will have to address the problem sooner than later.
We often hear about political interference in the functioning of the banks, particularly the public sector banks. There have been umpteen instances of crony capitalism in their functioning. The role of the Banking Board Bureau, too, has come under the scanner.
Against this challenging backdrop, BW Businessworld proudly presents its Best Banks issue that coincides with the Best Banks Magna Awards.
BW Businessworld’s Best Banks issue is one of the most coveted issues, and like previous years, we tied up with PwC to arrive at the winners’ list.
While you get to know the winners, and their respective accomplishments, in the following pages, we also present interviews with three eminent bankers who are also thought leaders in their own rights — Chandra Shekhar Ghosh, Uday Kotak and Rajnish Kumar.
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