Banks in India are less transparent now: Report

According to a report by Banking Codes and Standards Board of India (BCSBI), Indian banks have registered a sharp decline on transparency. The report implicates the non-performing assets (NPAs) as the reason for this decline. The report states that Public banks in India have declined to 63 in 2017 from 70 in 2015, and that of private banks fell from 83 to 80.

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