2025: Indian Banking's Year of Stalled Reforms

• 2025 was a year of missed opportunities and unresolved issues for Indian banking, with key decisions deferred.
• Crypto remained in regulatory limbo, with no clarity on its legal status despite expectations for resolution.
• Counterfeit currency continued to be a persistent problem, challenging the banking system's controls.
• The Insolvency and Bankruptcy Code (IBC) saw deep haircuts and prolonged delays, raising concerns about asset valuation.
• Public sector banks remained cautious in lending, and digital banking growth was marred by outages and frauds.

Why It Matters: Indian banking's 2025 saw critical issues remain unresolved, hindering progress.