Introduction

The banking sector in India has witnessed a return to relatively good health over the past few years. NPS or non-performing assets have declined and bank balance sheets have shed much of the baggage of bad loans. Is this trend here to stay? Also, as the country emerged from the pandemic and economic growth picked up, banks also saw healthy credit growth. Deposite growth, though, has not kept pace. Is this a cause for concern? To help us understand where the banking sector stands today as we approach budget day for the 2023-24 fiscal, we have with us Mr. Anil Gupta, Senior Vice President and Co-group head Financial Sector Ratings at Rating Agency, I