Question

the financial sector in india is still in a state transition . comment

Answer 1

The financial sector in india is still in a transition state because Indian which mean that government still facing challenges in implementing financial systems in the country. During transition phase people also become rigid to adopt new sysstem specially when new tax systems imposed on people. All the financial transactions are not fully online which is also an issue for financial sector.

Answer 2

The financial sector in India is still in a state transition

Explanation:

• India's financial sector is facing considerable challenges with high non-performing assets and slow deleveraging and repair of corporate balance sheets testing the resilience of the banking system and holding back growth.
• After its Executive Board discussed the Financial System Stability Assessment (FSSA) of India, the IMF in a report said India's key banks appear resilient, but the system is subject to considerable vulnerabilities.
• Stress tests show that while largest banks are sufficiently capitalised and profitable to withstand a deterioration in economic conditions, a group of public sector banks (PSBs) are highly vulnerable to further declines in asset quality and higher provisioning needs, the IMF warned.

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