Fintech firms are strategically integrating into the US banking system, seeking national charters and direct access to payment rails. Stablecoins are poised for significant growth as major payment networks adopt them for faster, cheaper transactions. AI agents are also set to revolutionize commerce, handling research, negotiation, and purchases autonomously for consumers.
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger