Reforms in the Insolvency and Bankruptcy Code have made banks more confident in taking lending decisions, says SBI chairman Rajnish Kumar. In an interview, Kumar said that concerns of political pressure on public sector banks in making lending decisions are overplayed. He said that bad loans choking India’s banking system are mostly because of assumptions about economic growth that have gone wrong. Kumar, who took the reins of SBI in October, spoke about the bank’s future growth strategy and key challenges confronting the banking sector. Would it have been possible to have such a developed banking sector without computerization?

Source: Mint November 25, 2017 03:22 UTC