Banks Have the Potential to Evolve as a New Token Takes Centrestage

Banks have emerged as institutions that are ‘too big to fail’. The 2008 banking crisis taught us the lesson that many governments will bail out banks using public money to avoid unrest on the streets, as well as in their economy. However, we have to seriously ask if the financial crisis ever went away. The Gross Non-Performing Assets (NPAs) of Indian banks now comprise 22.39 percent of their total lending and has risen to INR 350.98 bln. While in China, spiraling lending is causing c