(The views expressed in this column are the authors’ own and do not represent those of Reuters)

By Robin Roy and Sanjoy Majumder

Indian banks are facing a dual challenge. Monetary tightening by the RBI is already impacting the banks’ margins and due to an imperfect monetary transmission system, banks are not able to pass off higher lending rates to the borrower across the board.

(The views expressed in the column are the author’s own and not those of Reuters)

The Union Budget is an event that is anticipated with great anxiety, fear and some hope every year. This year, given that there is an overhang of the Direct Taxes Code (DTC) and the Goods and Services tax legislation (GST), the industry expectation is that the Budget should mean relatively few changes.