{"id":20000,"date":"2022-06-14T09:43:11","date_gmt":"2022-06-14T09:43:11","guid":{"rendered":"https:\/\/habiletechnologies.com\/?p=20000"},"modified":"2022-07-18T11:59:45","modified_gmt":"2022-07-18T11:59:45","slug":"pandemic-change-banking-industry","status":"publish","type":"post","link":"https:\/\/wiki.cloudbankin.com\/index.php\/2022\/06\/14\/20000\/pandemic-change-banking-industry\/","title":{"rendered":"How the Pandemic changed the Banking Industry"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20000\" class=\"elementor elementor-20000\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1cb2380 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1cb2380\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c4e0cad\" data-id=\"c4e0cad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-07d1a9b elementor-widget elementor-widget-image\" data-id=\"07d1a9b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"507\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2022\/06\/Pandemic-Banking-Industry-1-1110x550-1.jpg\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4612534a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4612534a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3d9eb82f\" data-id=\"3d9eb82f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-774d0004 elementor-widget elementor-widget-text-editor\" data-id=\"774d0004\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>\u00a0<\/p><p><span style=\"font-weight: 400;\">At the start of 2020, the world was operating normally like usual. Who knew that we were to be hit by something that would change our whole lives within a short amount of time. The <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.who.int\/health-topics\/coronavirus#tab=tab_1\"><span style=\"font-weight: 400;\">Covid-19<\/span><\/a><\/span><span style=\"font-weight: 400;\"> pandemic has changed the lives of all. The way we function in our daily lives, how we utilise resources, and how we view the world in general.<\/span><br \/><span style=\"font-weight: 400;\">In the same way, this pandemic has changed the banking industry too. According to a <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www2.deloitte.com\/in\/en\/pages\/financial-services\/articles\/weathering-the-covid19.html\"><span style=\"font-weight: 400;\">Deloitte report<\/span><\/a><\/span><span style=\"font-weight: 400;\">, Covid-19 created a short-term disruption in accessing banking by customers, shifting their preferences towards digital banking, structural shifts in consumer behaviour and changes in the operational model of the banks.<\/span><br \/><span style=\"font-weight: 400;\">We, at Habile Technologies, recently hosted a webinar where <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.linkedin.com\/in\/tamalbandyopadhyay\/\"><span style=\"font-weight: 400;\">Tamal Bandyopadhyay<\/span><\/a><\/span><span style=\"font-weight: 400;\">, an award-winning author and journalist and a famous influencer in Indian Finance and Economy, gave us immense knowledge about how the pandemic has impacted the banking industry and reformed it in so many ways. Check out this article to read more about it!<\/span><\/p><blockquote><p>You may also like:\u00a0<strong><a href=\"https:\/\/habiletechnologies.com\/blog\/impact-of-budget-2021-on-banks-nbfcs\/\">Impact of Budget 2021 on Banks &amp; NBFCs<\/a><\/strong><\/p><\/blockquote>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ec99e93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ec99e93\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bdc4b3d\" data-id=\"bdc4b3d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-00fdc6a elementor-widget elementor-widget-heading\" data-id=\"00fdc6a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Covid-19 Impact on the Banking Sector<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0ad3136 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0ad3136\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5f2a88a\" data-id=\"5f2a88a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-edf30b7 elementor-widget elementor-widget-text-editor\" data-id=\"edf30b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p><b>2022: <\/b>This year is considered the best year for the banking industry, according to the analysis done at the end of the FY 2022, in terms of profitability, resilience, capitalization and assets. On most parameters, the banking sector is doing pretty well.<\/p><p><b>2020<\/b>: RBI instituted the first of its kind inspection in the banking sector called <a href=\"https:\/\/www.thehindu.com\/business\/Industry\/Asset-Quality-Review-and-its-impact-on-banks\/article60462450.ece\">Asset Quality Review<\/a>, which resulted in the massive clean-up of various banks. This is a huge clean-up drive in 2 phases:<\/p><ul><li>NPA recognition<\/li><li>Recovery<\/li><\/ul><p>The first phase just got over before 2020, and just when the second phase initiated, Covid-19 hit us in full force, and strict lockdowns were imposed on us.<\/p><p>The banking regulators and the government worked together to make changes to overcome this sudden situation in ways such as<\/p><ul><li>The policy rate was brought down, in fact, the lowest in history<\/li><li>RBI brought down its repo rate to 4% to give a boost to the growth of the Indian economy<\/li><li>The government introduced a critical step called the <a href=\"https:\/\/www.cgtmse.in\/\">Credit Guarantee Scheme<\/a>. The most affected under this scheme was the MSME segment because most needed capital to run their businesses. The CGS was started to reinforce the credit delivery system and ease the credit flow to the MSE sector for them to access finance to grow their enterprises.<\/li><li>The money spent by the government to tackle the pandemic related issues through various concessions or dispensations as a percentage of the GDP of the country is far lower than other developed countries. In other words, the fiscal cost is lower than other developed countries.<\/li><\/ul><p>Hence, as far as it is concerned, the banking industry is able to withstand the Covid-19 wave in pretty good shape despite various challenges it came across on the way.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e45bfaa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e45bfaa\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0bc59c0\" data-id=\"0bc59c0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-933f32f elementor-widget elementor-widget-heading\" data-id=\"933f32f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Reforming Banking Sector Post-Pandemic<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-355de75 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"355de75\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6ed3bb9\" data-id=\"6ed3bb9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c5c3fb3 elementor-widget elementor-widget-text-editor\" data-id=\"c5c3fb3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p>RBI has made a series of reforms for the banking industry. Among them<\/p><ul><li aria-level=\"1\"><a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=12179&amp;Mode=0\">Scale Based Regulation<\/a> (SBR) harmoniously regulates the arbitrage opportunities between banks and NBFCs, especially in terms of NPA classification norms and liquidity coverage ratios for NBFCs to stay liquid.<\/li><li aria-level=\"1\"><a href=\"https:\/\/habiletechnologies.com\/blog\/what-is-co-lending-and-how-will-nbfcs-benefit-from-it\/\">Co-lending<\/a> model between banks &amp; NBFCs<\/li><li aria-level=\"1\">The inclusion of technological advancements changes the entire banking ecosystem.<\/li><li aria-level=\"1\">Data sharing is easily accessible with the public\u2019s consent for various financial purposes.<\/li><li aria-level=\"1\">New products like <a href=\"https:\/\/habiletechnologies.com\/blog\/5-use-cases-drive-roi-bnpl-lender\/\">Buy-Now-Pay-Later<\/a> to ease the payment system and micro-micro loans for small needs.<\/li><li aria-level=\"1\">The dividing line between banks &amp; NBFCs is abolished.<\/li><li aria-level=\"1\">On the digitisation front, India is the most happening country currently.<\/li><\/ul><\/div><\/div><div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><blockquote><p>You May Also Like: <a href=\"https:\/\/habiletechnologies.com\/blog\/what-is-co-lending-and-how-will-nbfcs-benefit-from-it\/\">What is Co-Lending and How will NBFCs Benefit From It?<\/a><\/p><\/blockquote><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-905bd87 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"905bd87\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e43cdd6\" data-id=\"e43cdd6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-15847ac elementor-widget elementor-widget-heading\" data-id=\"15847ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Restructuring of Banking Industry - A Boon Or A Bane?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5f9bdf5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f9bdf5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f468df7\" data-id=\"f468df7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c27968d elementor-widget elementor-widget-text-editor\" data-id=\"c27968d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><ul><li>It is a boon for the MSME segment, mainly through government schemes like the credit guarantee scheme, which allows the banks a certain percentage of turnover to get fresh loans.<\/li><li aria-level=\"1\">Corporate Restructuring in the banking sector was drastically reformed, which posed a great advantage, and now, it is in better health than before.<\/li><\/ul><p>The only worry that persists is that the average loan given to a person by some <a href=\"https:\/\/habiletechnologies.com\/blog\/how-do-banks-help-nurture-the-start-up-environment\/\">banks<\/a> in MSME has gone up tremendously, and they are finding unethical ways to make their balance sheets appear healthy. This is backdoor restructuring which can cause a negative impact.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-608146a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"608146a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-86be864\" data-id=\"86be864\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a00d468 elementor-widget elementor-widget-heading\" data-id=\"a00d468\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Are Fintechs disrupting the Indian Banking System?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-362a9a2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"362a9a2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eeb894f\" data-id=\"eeb894f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ffb8524 elementor-widget elementor-widget-text-editor\" data-id=\"ffb8524\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p>The scenario is difficult to analyse as new <a href=\"https:\/\/habiletechnologies.com\/blog\/will-fintech-disrupts-banks\/\">fintechs<\/a> are coming up with their own niches and spaces every week and we can\u2019t say how many services they offer. What actually happens is<\/p><ul><li aria-level=\"1\">The alliance between banks &amp; <a href=\"https:\/\/habiletechnologies.com\/blog\/top-nbfcs-in-india\/\">NBFCs<\/a>; NBFCs &amp; fintechs; banks, NBFCs and fintechs according to needs and purposes.<\/li><li aria-level=\"1\">Fintechs play a critical role in every stage of data accessing and processing. They make it possible and easier for every financial segment.<\/li><\/ul><p>Overall, it is a complex ecosystem to subjugate and analyse; we just need to watch it closely.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fe8db7d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fe8db7d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fcb857f\" data-id=\"fcb857f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ef5609 elementor-widget elementor-widget-heading\" data-id=\"4ef5609\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Impact on the Types of Banking Sector<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1d89171 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1d89171\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-545cf3a\" data-id=\"545cf3a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7562ba7 elementor-widget elementor-widget-text-editor\" data-id=\"7562ba7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p><b>Public sector banks<\/b><\/p><p>The current scenario of public sector banks has changed. The reasons are:<\/p><ul><li aria-level=\"1\">Consolidated model \u2013 creating subsidiaries of banks or merging two banks. Some banks are left alone for political reasons.<\/li><li aria-level=\"1\">Some banks, such as SBI and Bank of Baroda, have used the opportunity in terms of technological adaptation. The situation is better than it used to be, and they are on par with the private banks.<\/li><\/ul><p><b>Private Sector banks<\/b><\/p><p>People are shifting quickly to private sector banks due to various supported technologies. Incrementally, a large portion of assets and deposits of the banking industry is moving to this sector too.<\/p><p>Why is this happening?<\/p><ul><li aria-level=\"1\">They are nimble-footed.<\/li><li aria-level=\"1\">They are technology savvy.<\/li><li aria-level=\"1\">They are faster in many financial elements such as loan appraisals, loan processing, customer service, and more.<\/li><\/ul><p>All-in-all, public sector banks are losing out to private sector banks.<\/p><\/div><\/div><div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><blockquote><p>You May Also Like: <a href=\"https:\/\/habiletechnologies.com\/blog\/will-fintech-disrupts-banks\/\">Will FinTech Disrupt The Big Banks?<\/a><\/p><\/blockquote><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c36fd5c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c36fd5c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8c82da7\" data-id=\"8c82da7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6ab8084 elementor-widget elementor-widget-heading\" data-id=\"6ab8084\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Banks & NPAs<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9fcd20f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9fcd20f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-99241ed\" data-id=\"99241ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ff66edf elementor-widget elementor-widget-text-editor\" data-id=\"ff66edf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p>According to the latest <a href=\"https:\/\/rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=52996\">Financial Stability Report 2021<\/a>, scenes with NPAs are average to bad. The RBI stated, \u201cGross non-performing asset (GNPA) ratio of SCBs may increase from 6.9 per cent in September 2021 to 8.1 per cent by September 2022.\u201d And, in the worst case, <a href=\"https:\/\/www.livemint.com\/industry\/banking\/npas-of-banks-may-rise-to-9-5-by-september-2022-in-worst-case-scenario-rbi-11640783062629.html\">NPA could increase to 9.5%<\/a>. But, stability and resilience still prevail in financial institutions. On the one hand, banks have improved their credit appraisal, credit underwriting and monitoring systems. On the other hand, since they are making a profit, they also make provisions for bad assets. The provision coverage ratio of some banks is very high. It is suggested that close monitoring is needed to control the stress of the NPAs of banks. Overall, at this point, bankers are wiser and handling NPA in a much better &amp; smarter way; they are more into creating quality credit for people.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-387e4cb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"387e4cb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c8a6e41\" data-id=\"c8a6e41\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a93d97 elementor-widget elementor-widget-heading\" data-id=\"4a93d97\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Neobanks Prevailing in the Banking Industry<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f74c30e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f74c30e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18aae74\" data-id=\"18aae74\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a6e756 elementor-widget elementor-widget-text-editor\" data-id=\"5a6e756\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p>Even though they are given the name \u201cbanks\u201d, they are not generally RBI-licensed banks. They are raising deposits on behalf of certain banks. The situation of <a href=\"https:\/\/economictimes.indiatimes.com\/tech\/trendspotting\/explained-neobanks-the-next-evolution-of-banking\/articleshow\/86836735.cms\">neobanks<\/a> is still evolving, but for India to go to branchless banking, it will take a lot of time. All-in-all, they are digital banks which are still getting newly implemented into the Indian banking system.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-85b46d8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"85b46d8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-55e1fb1\" data-id=\"55e1fb1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e2affa6 elementor-widget elementor-widget-heading\" data-id=\"e2affa6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Political Scenarios in the Banking Industry<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3dd2520 elementor-widget elementor-widget-text-editor\" data-id=\"3dd2520\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p>The political issues depend from region to region in which the top-level executives are either able to or not able to withstand the pressure from the politicians. Nationalization in India has made sure that the banking sector is able to use it for the greater good &amp; growth of the economy.<\/p><p>The government uses banks as tools for socio-political measures for the betterment and upliftment of people as well as profitability measures for the success of business organizations via privatization. Both the scenarios go parallel to each other. In other words, you can\u2019t have the best of both worlds. You have a mixture of both good and bad.<\/p><\/div><\/div><div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><blockquote><p>You May Also Like: <a href=\"https:\/\/habiletechnologies.com\/blog\/branchless-banking\/\">How Branchless Banking is Facilitating Financial Inclusion<\/a><\/p><\/blockquote><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5020945 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5020945\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a7e1756\" data-id=\"a7e1756\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f5fbda elementor-widget elementor-widget-heading\" data-id=\"5f5fbda\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frauds in the Banking Sector<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-51eeb27 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"51eeb27\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-28a4e24\" data-id=\"28a4e24\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a97e35a elementor-widget elementor-widget-text-editor\" data-id=\"a97e35a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p>Due to the AQR review, frauds and scams in banks came to light. For instance, the <a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/allahabad-bank-md-ceo-sacked-on-last-day-in-office\/articleshow\/65394238.cms\">CEO of Allahabad Bank<\/a> was sacked in relation to the <a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/pnb-scam-properties-worth-rs-500-cr-of-nirav-modi-firms-restored-to-bank\/articleshow\/85691573.cms\">Nirav Modi scam<\/a> case. Similarly, the <a href=\"https:\/\/blog.ipleaders.in\/fraud-case-of-vijay-mallya-and-the-laws-related-to-it\/\">Vijay Mallya fraud<\/a> case helped get many prominent bankers arrested from their posts.\u00a0<\/p><p>Every profession has its share of bad apples. Since the banking industry deals with public money, it is always in the public eye for any mishap. Hence, banks are regulated heavily and scrutinised by government bodies for fraud to not happen at all.<\/p><p>Internal factors that are responsible for fraud are<\/p><ul><li aria-level=\"1\">Credit appraisal and credit underwriting systems are not up to the mark.<\/li><li aria-level=\"1\">Obsession with balance sheets growth in public sector banks<\/li><\/ul><p>External factors that are responsible for fraud are<\/p><ul><li aria-level=\"1\">Pressure from the government to lend, lend and lend to various sectors, which in turn is responsible for bringing down the economic growth rate.<\/li><li aria-level=\"1\">Policy parameters \u2013 Things were not moving much in the banking sector before 2014, and there were many court cases.<\/li><\/ul><p>A solution to all this? There is only one word, \u201cTechnology\u201d, especially data accessibility execution for various financial parameters.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d1f028a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d1f028a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7ae45e0\" data-id=\"7ae45e0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a82fe40 elementor-widget elementor-widget-heading\" data-id=\"a82fe40\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Perspective on Loan Waivers<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bcc444d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bcc444d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5b72529\" data-id=\"5b72529\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-160523e elementor-widget elementor-widget-text-editor\" data-id=\"160523e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p>It is not the right thing to do. But unfortunately, it is happening not only by the central government but also by the state governments. <a href=\"https:\/\/www.thehindubusinessline.com\/opinion\/loan-waivers-are-a-double-edged-sword\/article31789331.ece\">Loan waivers<\/a> are also responsible for destroying the current credit culture of the banking sector. Thus, there is a direct and indirect impact on the financial industry.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e489fd5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e489fd5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-431d076\" data-id=\"431d076\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7391b9a elementor-widget elementor-widget-heading\" data-id=\"7391b9a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a64c852 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a64c852\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0f3c65b\" data-id=\"0f3c65b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bc95202 elementor-widget elementor-widget-text-editor\" data-id=\"bc95202\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><p>We lived to tell an unexpected tale through the Covid-19 pandemic which changed our lives drastically. Every sector was affected by it, including the banking industry. India\u2019s economic growth impacted badly and it has seen its worst GDP figures. But, even with bad scenarios in 2020, the banking regulators and the government worked together tremendously well enough to strengthen the country\u2019s economy in just two years. The most drastic change we saw was that the banking sector had shifted into digital, easing customers\u2019 experiences with amazing technological advances. Hence, we can applaud India for doing an awesome job in overcoming a sudden issue within a short span of time.<\/p><p>We hope that you enjoyed reading this narrative. Watch our <a href=\"https:\/\/www.youtube.com\/watch?v=GLg6l0AhxTs\">webinar video<\/a> with Tamal Bandyopadhyay, to learn more about how the pandemic has changed the banking industry.<\/p><p>We conduct monthly webinars, and we hope you will participate in them for more knowledgeable ventures. Please feel free to share any suggestions with us. And don\u2019t forget to stay tuned for upcoming blogs!<\/p><p><b>Disclaimer:<\/b> The views and opinions expressed herein are those of the speaker of the webinar and do not reflect the views of Habile Technologies. Any content provided is of the speaker\u2019s opinion and is not intended to malign any organization, company, individual or anyone or anything.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>At the start of 2020, the world was operating normally like usual. Who knew that we were to be hit by something that would change our whole lives within a short amount of time. The Covid-19 pandemic has changed the lives of all. The way we function in our daily lives, how we utilise resources, [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":20013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[74],"tags":[96,97,99,101,84,102,103,104],"class_list":["post-20000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-assets","tag-banking","tag-covid19","tag-finance","tag-fintech","tag-impact","tag-pandemic","tag-reform"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How the Pandemic changed the Banking Industry | Habile<\/title>\n<meta name=\"description\" content=\"In what ways did Covid-19 impact the banking sector? 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