Veteran banker and Jio Financial Services Chairman KV Kamath said India’s banking sector is entering a new phase of strength, where consolidation and operational efficiency will determine its long-term competitiveness.

Speaking at the CNBC-TV18 Global Leadership Summit 2025 in Mumbai on Friday, November 7, Kamath stressed that the clean-up of balance sheets in the banking sector and the government’s consolidation push have positioned the system for the next wave of growth.

“Bank balance sheets are clean and that gives me the confidence,” Kamath said, noting that the sector’s health today is far better than it was a decade ago. He said consolidation will help lenders achieve economies of scale, strengthen governance, and boost lending capacity."

Kamath’s comments come a day after Financ

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