McKinsey says India’s banking sector is shifting from a phase of strong profits and balance sheet improvement to a tougher era of structural pressures. Higher operating costs and emerging credit risks are likely to weigh on profitability, forcing banks to navigate “turbulence” as the operating environment grows more complex than in recent years.
Singapore Airlines CEO Goh Choon Phong met Tata Sons Chairman N Chandrasekaran and other top executives to discuss the struggling, loss-making Air India. The talks highlight how higher operating costs—driven by airspace restrictions—and disruptions from a recent leadership change are weighing on Air India’s finances, with those impacts now reaching Singapore Airlines too.
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