Krishna Prasad, a dedicated bank manager, has been creating beautiful Ganesha idols from mud for 35 years in the village of Kukke Subramanya in Karnataka. Despite his busy career, he has always made time to continue this tradition passed down by his ancestors. Now, with the Indian holiday of Ganesh Chaturthi quickly approaching, Prasad has returned to his hometown to complete his eco-friendly idols for the community.
The Indian banking sector is facing a significant challenge as the growth of deposits has slowed down compared to credit, creating a widening gap between the two. This has raised concerns for the government and the Reserve Bank of India, who have urged banks to focus on innovative strategies to attract more deposits. One of the main reasons for this divergence is the increasing trend of Indian households investing their savings in capital markets, resulting in a lower inflow of savings into banks. As a result, banks are looking for ways to address this issue and mitigate the risk of asset-liability mismatch.