India’s banking sector is quite literally the life-blood of the economy. It powers both industry and consumption and channels savings to more productive uses. Over the last decade, the sector has seen critical reforms, an intense bad-loan clean-up, several waves of consolidation and has undergone a continuous process of maturation, making it one of India’s most technology-centric industries. Looking ahead, the new government is expected to catalyse further reforms and take forward the process of PSU-bank consolidation, aside from bringing important changes to other parts of the financial-services sector. 

At a recent India CFO Forum session in Chennai, Jaimin Bhatt, Former Group CFO of Kotak Mahindra Bank, provided a view for the banking sector and its role in funding industry. This podcast summarises these discussions.