The finance sector has been changing and this time in India it is not for the good change or the change in the industry for the growth of integrating new methods this time the change in the fight to stay viable and keep the sector alive which has been dying and this is what the major issue of the banking and finance sector of the nation has been facing. The banking sector has been especially taking some major hits as the banks have been seeing some major bankruptcy and fraud concerns making matters worse.
Finance Minister Nirmala Sitharaman and the finance ministry of the nation have been failing to take the essential steps to change the situation of the nation and we think that the decision of merging banks won't be helping the situation of the nation and we think these mergers will only make matters worse for the banks who have been doing well in these times of crisis. Indian banks have been facing some major loan issues, and the banks have been writing off some major loans, and this has been hiring the banking sector of the nation pretty bad, and this year, the nation has seen a loan write off of Rs. 2.12 trillion worth of loans in 2018-19.
So this has been hurting the situation of the banking and finance sector of the nation in a major way, and the write off of loans is the major loss the banks have been seeing and this is what is killing the finances which I don't think is getting better unless the government finds capital to fill this deficit
Tags : nation, change ,