Need To Fix India's Banking Sector Woes To Revive Economy - Analysis

.....The Indian banking sector is dominated by PSBs, which account for 73 per cent of the market share. The banks are constrained by excessive regulation and are forced to increase their exposure to credit constrained sectors. For instance, priority sector lending norms is one of the many stipulations imposed on PSBs by the RBI that erode their competitiveness. On an average, these priority sector loans have been responsible for a relatively higher share of the NPAs among the PSBs over the last ten years. Moreover, these banks have been found to have...........

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