While the financial services sector is at the forefront of India’s economic growth, India Stack is playing a pivotal role in fostering a more efficient, inclusive, and technologically advanced financial ecosystem in India. Mandar Wagh outlines the sector’s outlook while assessing whether the rally is sustainable, delving into the financial performance of companies, growth drivers and risk factors
In the aftermath of the corona virus pandemic, the banking and financial services sectors played a pivotal role in propelling India’s economic growth. While some leading economies grappled with a banking crisis resulting from the collapse of major financial institutions, India’s banking system demonstrated resilience by effectively navigating credit, market, and liquidity risks. To counter inflationary pressures, central banks globally opted to raise interest rates, a move that proved advantageous for the financial sector, contributing to an uptick in net interest margins.
To read the entire article, you must be a DSIJ magazine subscriber.
Current print subscribers click here to login
Subscribe NOW to get DSIJ All Access!