New Delhi, December 12 (IANS). Dinesh Khara, former chairman of State Bank of India (SBI), said India’s banking sector has been functioning professionally and the entire sector is performing well on parameters such as capitalization and asset quality. For this reason the health of banks remains good.
Speaking exclusively to news agency IANS, Khara said that all the banks have been capitalized and hence the capital adequacy is as per the norms and due to improvement in the asset quality of the banks, the health of the entire sector remains good and through this The economic development of the country is also getting support from this.
Khara further said that the perception about India at the global level remains good. Under the leadership of Prime Minister Narendra Modi, the country’s acceptance has increased all over the world. There has been further improvement in this after G20. India is being considered a responsible leader in South Asia.
At the same time, on the recent allegations made by Rahul Gandhi regarding the health of the banking sector, according to Khara, at present the Indian banking system is operating in a professional manner. Employees have good information about the health of their bank. This is also the reason for the good health of the banking sector.
On the question of low morale of employees due to political statements, Khara said that the morale of bank employees is determined by their leadership. Besides, all the employees also understand that in democracy everyone has the right to express their opinion.
Former Chairman of Bank of Baroda, Rajiv Kumar Bakshi said that the banking situation is quite good now, there was a time when there was a balance sheet problem, but that is over now. The credit cost of the banking sector has also reduced and the risk has also reduced. For this reason, this time is very good for the banking sector.
He further said that banks are benefiting from government policies and the condition of the economy has improved.
Ravi Kishan Thakkar, former MD and CEO of UCO Bank, said that at present the condition of the banking sector in India is quite good. NPAs, capital adequacy and profits have improved significantly in the last 10 years. While the gross NPA of public sector banks had reached 14 percent in 2015, it has now come down to 3 percent. Also, during this period the profit has increased to Rs 1.50 lakh crore.
He further said that the focus of government banks is on the general public and more priority is being given to the middle class and small industries.
–IANS
abs/
