FIRST-HALF earnings reports are out for banking industry players, and the top 10 banks have posted net income growth of 30- to 80-plus percent. More consumers and businesses are availing of loans, investing in securities and transacting with banks.
The industry is enjoying the fruits of accelerated digital transformation investments. The two-year pandemic-induced hiatus compelled the sector to innovate its offerings and digitalize operations and interactions with customers, allowing it to transition from being a laggard cutting-edge tech adopter to a flag bearer of all things digital.
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