The Indian Financial Institutions—Struggling and Surviving during Economic Turbulence

Abstract

During the last few years, financial institutions like banks and other financial institutions has to come up with various challenges due to the emergence of policies of governments as well drastic changes in the economy. Moreover, the emergence of digitalization is yet another serious concern of financial institutions. Furthermore, the competition in the field of financial sector is a serious concern for many institutions, especially those who maintained a traditional manner of banking for decades. And many more threats like the pandemics, industrial stagnancy, and global recession also made the financial institutions in a lagging mode. In this scenario, it is a great time to think about struggling and surviving of these backbone institutions of a country. So now the time for a discussion specially focused on the struggling and surviving of financial institutions during economic instability.