India has been facing the challenge of credit over the last 10 years. The challenge is indicative of issues India's financial sector faces. In light of this, examine the issues faced by the financial institution in India and suggest the changes to make them strong to cater to the demands of Indian economy. 10 marks - Civilsdaily

India has been facing the challenge of credit over the last 10 years. The challenge is indicative of issues India’s financial sector faces. In light of this, examine the issues faced by the financial institution in India and suggest the changes to make them strong to cater to the demands of Indian economy. 10 marks

Mentor’s comment- https://indianexpress.com/article/opinion/columns/ant-group-ipo-alibaba-group-china-nationalised-banks-india-7048305/ In the intro, mention the importance of credit for the development of the economy. In the body, discuss the challenges faced by the financial institutions in India- regulatory hurdles, issues in catering to the priority sector, bad loans, a limited number of banks, unwillingness of foreign institutions to lend when needed etc. … Continue reading India has been facing the challenge of credit over the last 10 years. The challenge is indicative of issues India’s financial sector faces. In light of this, examine the issues faced by the financial institution in India and suggest the changes to make them strong to cater to the demands of Indian economy. 10 marks