What are the Problem faced by commercial banks in India?

Commercial banks in India face several challenges, including rising non-performing assets (NPAs), which impact their profitability and lending capacity. Additionally, banks grApple with regulatory compliance and the need to adapt to new technologies while managing cybersecurity risks. The competition from fintech companies has also intensified, pressuring traditional banks to innovate and improve customer service. Lastly, economic fluctuations and changing customer preferences can complicate their operations and strategic planning.