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India needs four global size banks, pleads Niti Ayog vice chairman
By IndianMandarins- 23 Aug 2018
561New Delhi: Our banking sector’s risk appetite is
quite low. MSME sector needs a lot of boost in terms of capital support.
Therefore, India needs three-four large lenders which could figure among top
200 global-sized banks, Niti Aayog vice-chairman Rajiv Kumar said today. Kumar
made a strong case for giving banking sector more freedom to take risks and
provide credit to industry especially the MSME sector. Rajiv Kumar argued that we need to have 3-4 banks
of a global standard in size. They should figure among top 200 global-sized
banks.
Speaking at an event here, Kumar said that India's
banking sector is highly conservative and risk-averse. He said that our banking sector’s risk appetite
is minimal and its capacity of project assessment is not as much it should be.
Indian banking system takes recourse to safe banking. It should encourage
lending to the MSME sector.
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India needs four global size banks, pleads Niti Ayog vice chairman
By IndianMandarins - 2018-08-23 11:46:54
New Delhi: Our banking sector’s risk appetite is
quite low. MSME sector needs a lot of boost in terms of capital support.
Therefore, India needs three-four large lenders which could figure among top
200 global-sized banks, Niti Aayog vice-chairman Rajiv Kumar said today. Kumar
made a strong case for giving banking sector more freedom to take risks and
provide credit to industry especially the MSME sector.
Rajiv Kumar argued that we need to have 3-4 banks of a global standard in size. They should figure among top 200 global-sized banks.
Speaking at an event here, Kumar said that India's
banking sector is highly conservative and risk-averse.
He said that our banking sector’s risk appetite is minimal and its capacity of project assessment is not as much it should be. Indian banking system takes recourse to safe banking. It should encourage lending to the MSME sector.
