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Ting, Ting!: Alarm bells for the economy, jingle bells for the banks!


Comments / {{hitsCtrl.values.hits}} Views / Friday, 24 February 2017 11:31

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Even after discounting for political rhetoric (on all sides), economists are convinced that our economy is in a critical stage. This course is the culmination effect of how the economy has been managed over the last few decades. At the same time, we have a banking sector that is among the best in the world – in terms of its spread (profitability) and year-on-year growth! We also see super high growth in the micro finance industry, not forgetting the still thriving informal money lenders!

How does one reconcile this? Banking efficiency – economic inefficiency?  Lack of competition?  Ignorant saver? Captive borrower? Disproportionate returns to shareholders Vs. staff? Is it an issue with policy, process or the players?

Rings a bell? Time for soul searching!

 


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