Banking Services Chronicle June 2024 - Modinomics This monthly report provides a comprehensive overview of the Indian banking sector from June 2019 to June 2024 under the Modinomics policy framework. Covering major events, policy changes, and performance of all major banks, it chronicles the transformation of banking services over this period. From the consolidation of public sector banks to the rapid growth of fintech solutions, this report captures the key milestones in India's banking landscape. Readers will gain insights into how deregulation, privatization and digitalization initiatives impacted financial inclusion, credit growth and competitiveness of the sector. Detailed statistics on NPAs, capitalization, profitability and service quality are included for public and private banks. The special chapters analyze the rise of payment platforms and digital lending startups as well as Modinomics 2.0 vision of making India a global financial hub. With easy to understand data visualizations and infographics, this 96-page report offers a one-stop reference for understanding the evolution of India's banking system in the past 5 years. Researchers, analysts, bankers and policymakers will find this chronicle invaluable to benchmark progress and identify future opportunities and challenges.
