“Indian banks, despite their strong past performance, are now facing significant headwinds and mounting pressure. The forces that powered their ascent are flagging due to compressed net interest margins, rising operating costs, weakening fee incomes, and challenges in deposit mobilization. Additionally, the sector faces increasing risks from banking fraud and cyber-enabled losses, necessitating a refocus on fundamentals, leveraging AI, and enhancing systemic resilience to navigate future turbulence.”