Second, while on many efficiency parameters, Indian banks compare favourably to their global peers, the net interest margin (NIM) remains relatively high. The banks need to further enhance their productivity so that the intermediation cost between depositors and borrowers is minimised. This, coupled with containment of NPAs, will help improve monetary transmission.
Today’s event is to present to stakeholders the findings of the Government to Persons (G2P) study conducted by the CBSI (Financial Inclusion team) and the United Nations Pacific Financial Inclusion Programme (PFIP) with funding assistance from the Department of Foreign Affairs & Trade, Government of Australia.