Banking is expected to see the next major business turnaround, life insurance

The economic slowdown is expected to weigh on the banking system's credit offtake, but the brokerage firm BNP Paribas says the sector should rebound in India due to lower fund rates, production efficiencies and lower taxes.

The brokerage said improved operating productivity generated by online technologies and lower labour costs would ensure that the cost-to-income ratio will continue its downward trajectory.

"We b....