BasisPointInsight.com - Building New Financial Institutions for Sustained Growth by K. Srinivasa Rao To achieve 8–9% sustained GDP growth, India must build new banks, deepen NBFC capacity, and widen credit access beyond the current few institutions. by K. Srinivasa Rao, BasisPointInsight.com

2/4 With only 140 banks serving 1.4 billion people, India’s next growth leap will depend on building new institutions, expanding NBFC capacity, and fostering healthy competition, not just merging existing players.

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