After two years of a heady rally, the first signs of a slowdown in public sector banks’ revenue growth are now visible. Is it time to sell?
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
Limited time offer $125 $99 for 1 year
The success of the revamped digital banking platform will help India’s largest lender reclaim its first-mover advantage and resurrect the prospects of its head.
In his three-plus years at the helm, the chairman of the public sector behemoth has turned the bank into a laggard on almost all key parameters, despite the great start given by his predecessors.
In the coming months, the central bank is likely to introduce short-term measures to address risks around data security and governance in the use of AI by banks and fintech firms.