India Banking & Financial Services Q1 2020
In the short term, India's banking and financial services sector does face some considerable challenges. A series offailures in the banking sector have undermined consumer confidence and the ratio of non-performing loans, particularly amongpublic sector banks, remains prohibitively high. Slowing economic growth in the country will impact upon deposit and loan growthin the market and will also impact upon demand for insurance and investment products. That being said, India remains one of theworld's fastest growing major economies with an enormous potential consumer base which will ensure investor interest in thebanking and financial services sector remains high.
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