Catholic Syrian Bank has hoped that banking industry in the country will be able to overcome problems of bad loans and credit squeeze and regain its past glory in a short time.
The Bank Managing Director Rakesh Bhatia said this while speaking at a two-day national seminar on ‘Contours of Indian Banking’ organised by the College of Cooperation Banking and Management, Kerala Agriculture University at Thrissur.
India has been facing a stubborn inflation, he said It was attributable to rise in price of agriculture commodities and higher import cost of petroleum products, he added.
Bhatia stated that in rural banking, Aadhaar will be a game changer for the Indian banking industry.
R Amalorpavanathan, Chief General Manager, NABARD (Kerala), in his keynote address stressed the need for making investments in agricultural infrastructure such as warehousing, agro-processing, food processing and markets. This could help increase the productivity of price sensitive agricultural commodities to rein rising inflation.
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