Regardless of criticism from analysts and economists and preliminary objections from the central financial institution, the federal government licensed 9 new banks in 2013. A few of the banks are presently doing properly by way of profitability. Nonetheless, the non-performing loans of a few of them are comparatively excessive. Many of the new banks couldn’t carry any new merchandise. Up to now these banks have managed to seize 5 p.c of the market by way of deposits and loans.
Why may the banks not present any large success in taking deposits? Why is the speed of defaulted loans excessive in some banks?
As we speak’s Star Newsplus talks about these urgent points
