Last year was not an easy year to be a banker. This one will not be a great deal better. But if banks take the right steps now, opportunities will emerge in the long run. There are indeed glimmers of light at the end of this dismal tunnel.
On the negative side, we have to be prepared for a year in which bank examinations will be tougher. The experience of the recent past has taught bank examiners to be even more skeptical than normal, and this will be reflected in more rigorous loan grading and portfolio analysis, tougher ratings and little tolerance for excuses when it comes to formal and informal orders.