Private banks are outperforming state-run banks; it’s time the latter showed character to protect their turf
There are two sets of banks in India—the state-run banks, and private sector (both old and new) and foreign banks. If their earnings for the March quarter are anything to go by, it’s evident that private banks are in a better position to manage their operations in a slowing economy than their counterparts in the public sector that account for close to 70% of the Indian banking industry’s assets.
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