Research Article - Journal of Finance and Marketing (2021) Volume 5, Issue 2

Role of technology in reduction of non-performing assets (NPAs) in Indian banking sector (with special focus on global trends)

Celine Williams

Business Strategist, Canada

Abstract

Indian banking sector has been facing serious problems of rising Non-Performing Assets (NPAs) in recent times. NPAs beyond a certain level are a cause for concern for everyone involved because credit is essential for economic growth and NPAs affect the smooth flow of credit. When a loan becomes nonperforming, it directly affects the profitability, since higher NPAs require higher provisioning, which means a large part of the profits need to be kept aside as provision against bad loans. AI (Artificial Intelligence) technologies on the other hand, have matured now and are ready to be simple-mented. They offer an exciting opportunity to establish new operational models and based on insights from Data analytics, it can provide scope to identify gaps in current financial sector offerings; uncovering opportunities and advantages that can be seamlessly helpful to address the problem of rising NPAs in Indian Banking Sector.

As humans, our ability to communicate enables our ability to connect with each other. There is no single skill that can make or break a person’s success in life and in business quite like that of effective communicationto put it simply communication is the most powerful tool we have available to us when we know how to use it. Mastering the concepts of Emotional Intelligence is the foundation you need as a business owner or leader if you want to start seeing the kind of results you deserve. Celine Williams has been training entrepreneurs and businesses around the world in Emotional Intelligence for the past 6 years. During that time she realized that the traditional model of Emotional Intelligence just isn’t enough anymore. Because of the added challenges inherent in navigating a global economy and a remote workforce, there are nuances that are missing in traditional discussions of Emotional Intelligence. In this presentation, she will review her model of Remotional Intelligence: Emotional Intelligence for a Remote World. You will walk away understanding the 4 key areas we will need to master to thrive in a remote world and how you can effectively use them to improve your communication. You will learn specific tactics and tricks to improving your ability to communicate and as a result, the impact you have on those around you. The key to success inside any business comes down to one thing: people. The most successful entrepreneurs, leaders, and business owners know that they must continuously communicate effectively with the people around them if they want to continue to be successful. If you want to build and grow your business, it’s as straightforward as this, you must master the art of emotional intelligence so you can communicate effectively and have the impact and outcomes you want