Budget 2018: From digitisation to NPAs, a lot expected for banking sector
While there has been a lot of push lately on digital transactions from the Narendra Modi-led central government, it is expected that the coming Union Budget 2018-19 will see Finance Minister Arun Jaitley renewing the thrust by announcing some incentives for small businesses to increasingly go digital in so far as banking transactions are concerned. Also, against the backdrop of the government’s plan to recapitalise public-sector banks, which have been suffering because of their ballooning non-performing assets, Budget 2018 will be keenly watched for any announcement towards that end. PwC and Business Standard look at the present scenario in the banking sector, the issues facing it, and the Budget expectations the industry has from finance minister arun jaitley.