Best Indian Banks 2013


Bangalore: The condition of India banks are not the same anymore. Banks are facing multiple issues since the country’s economy is witnessing a slowdown along with an increase in the number of loan defaulters, reports Anand Adhikari of Business Today.

"Banks globally are facing more challenges now and macro-sustainability is a necessity but not sufficient for sustainable economic growth. Therefore, putting regulations in place is only one part and their implementation is equally important for achieving growth and sustainability," said RBI Deputy Governor Anand Sinha.

Uday Kotak, who is the founder of Kotak Mahindra Bank said in a recent interview that, "In a bank's balance sheet, liabilities are actually assets and assets are liabilities." The bank records the savings account deposits as their liabilities on its balance sheet. These low-cost deposits itself helps banks in maintaining a healthy margin even in the worst economic scenario.

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