INDIA'S BEST BANKS

The people-profit balance

Shekhar Gupta
Posted: Wednesday, Apr 09, 2008 at 0309 hrs IST
Updated: Wednesday, Apr 09, 2008 at 0333 hrs IST

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: categories that are now familiar to those who follow FE Best Bank awards: public sector, old private sector, new private sector and foreign.

Interestingly, the survey was conducted when global and Indian good times were rolling. By the time we publish this, the credit squeeze in the US threatens to choke growth across the world. Well, that’s the market. But the basic conclusions about banking fundamentals haven’t changed in the financial whirl. That is an indication of both the staying power of the Indian economic story and of India’s banking system.Strength and soundness and credit quality are two of the parameters in this survey. These are important every year. But when banks cope with turbulence these parameters acquire special importance. Let’s put it this way: When interest rates climb, how successful are banks from keeping loans going bad?

Talking of interest rates…well we can talk and talk about interest rates. So, of course, can bankers whose performances have been assessed in this survey. But let’s conclude by making this observation: interest rates have come to symbolize banks’ entry into more lives. Many more people now talk about interest rates, and therefore banks, than before. That’s because banks have found new customers and those customers, as customers always do, are talking about price. In this country of rambunctious debates, interest rates are part of a great debate. That, let us assure you, is a great sign for financial inclusion....

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