The Indian banking system consists of 27 public sector banks, 22 private sector banks, 44 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks, in addition to cooperative credit institutions. Indian Banking Industry is backbone or piller of Banking Industry.
Recently most of the Bank of India showing loss in their Balance sheet due to NPA. But major thing to be consider here is whether is Indian Bank are is loss the answer is no because if you are expert in analysis of Balance sheet you will fond that all Bank are showing good amount of operating profit in their Balance sheet but due to higher provisioning(A loan loss provision is an expense set aside as an allowance for uncollectedloans and loan payments. Thisprovision is used to cover a number of factors associated with potential loanlosses including bad loans, customer defaults and renegotiated terms of aloan that incur lower than previously estimated payments) most of the Bank showing losses.
