An Organisation Study

Indian banking sphere of influence to have another goodness social class in 2011-12: S&P [pic]PTI Sh atomic number 18  ·   print   ·   [pic]T+   [pic]Share [pic] Tweet [pic] [pic][pic]4 [pic]New Delhi, July 4:  Good economic fruit, favourable demographics and under-penetration is benefiting the growth of Indian banking sector and banks is the domain are expected to have another good year during 2011-12, according to a root word by look for firm Standard & Poors. In its industry report card titled Indian banks are likely to drive an economic growth wave, S&P, however, said that inflationary pressure, rising competition and happen management practices will cover major challenges for the sector. We expect the sectors asset whole step to improve in view of the economys beneficial performance. The banks could also benefit from limited loan concentration and Indias lower leverage than other Asian countries, in basis of a ratio of overall credit to GDP, S&P credit analyst Ms Geeta Chugh said. According to S&P, salary pressure on the banks eased during the last fiscal, while the the groundwork of a base lending rate - which established a floor lending rate - also boosted profitability of the sector. In addition, rising interest rates helped Indian banks, it said.

Indian banks are benefiting from the economys sound growth, favourable demographics, and under-penetration. But...high inflation, increased competition, and evolving risk management practices will hold on key challenges, it said. While the country grew by 8.5 per cent last fiscal and the government expects the growth momentum to continue this year as well, over half(a) of the countrys population is below the age of 30 years and are a major target concourse for banks. Besides, penetration of banking services in the country still remain low and the government has set targets to provide banking facilities to all habitations having a population of over 2,000 by March, 2012. The non-performing loan ratio of Indian banks was about 2.6 per cent in 2010-11 and... If you want to get a full essay, order it on our website: Ordercustompaper.com

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