Banks are undercapitalised, out of 1.8 lakh crores capital needed by government banks under the Indradhanush Plan, BJP government has assured a total of 0.7 lakh crores over the four years till 2018-2019. Non-Performing loans of Indian banking Industry rose to 9.1% in December as compared to 7.8 % in March, 2016..
Reserve Bank of India(RBI) has permitted 11 companies to set up payment banks to ease the use of banking and to reach more people. Cyber Appellate, the go-to body for victims of cyber crime or online fraud, has been functioning without a chairperson since 2011.
Hope government take some strong action on this point. Hope to see better economic and job market development in India soon!