If there was one sector to which this budget has made a deep difference, it is the banking and financial services sector. The budget has made an attempt to help banking both from a macro and micro perspective. This sector becomes crucial because it forms the fulcrum of the economy and the health of the economy is eventually equivalent to the health of the banking system. This becomes all the more relevant in the light of the mountain of bad debts that PSU banks are contending with. Here are 10 key takeaways from the Union Budget for Banking and Financial Services companies.…
10 Ways the Budget has impacted Banking and Financial Services companies…
Banking industry has been under tremendous stress due to a mix of thinning margins, rising NPAs and weak loan demand. The budget has, at least, made an earnest attempt to address these pressing issues of the banking sector.
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