what are the Major issues in Indian financial system?

The major issues in the Indian financial system include a high level of non-performing assets (NPAs) in banks, which affects their profitability and lending capacity. Additionally, the lack of financial inclusion remains a significant concern, with many individuals and small businesses having limited access to formal financial services. Regulatory challenges, such as the need for better enforcement and transparency, also persist, alongside the evolving landscape of fintech, which requires updated regulations to ensure consumer protection and stability. Lastly, the impact of global economic fluctuations can lead to volatility in the Indian financial markets, influencing investor confidence and economic growth.