Clipped from: https://www.financialexpress.com/industry/banking-finance/punjab-sind-bank-bom-and-boi-are-likely-privatisation-candidates/2186683/ The government has proposed to introduce required legislative amendments for privatisation of two PSBs in the Budget session itself. Lack of interest among
Category: RBI–Banks
India to set up bad bank to manage record levels of soured debt |–BUDGET:– Business Standard News
Clipped from: https://www.business-standard.com/budget/article/budget-2021-govt-to-set-up-company-to-manage-record-levels-of-bad-debts-121020100785_1.html The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans
Trust in financial system will rise if promises implemented well | BUDGET: –Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/budget-trust-in-financial-system-will-rise-if-promises-implemented-well-121020200028_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The writing is on the wall. The next investment product to lose the unwarranted tax exemption will in all likelihood be traditional life
Shekhar Gupta: Finally, a BJP Budget | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/shekhar-gupta-finally-a-bjp-budget-121020200088_1.html The ones so far were all Congress+ to Congress+++ This year’s Budget marks the first big shift in India’s political economy in 30
Two, not three, cheers are enough for FM Sitharaman’s Budget 2021 | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/two-not-three-cheers-are-enough-for-fm-sitharaman-s-budget-2021-121020102001_1.html After 51 years of bank nationalisation, the government has finally admitted that it should not be in the business of running all public
Why Budget proposal for setting up of a bad bank is a good idea – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-if-executed-well-the-budget-will-propel-demand-jobs-and-wealth-creation/articleshow/80640525.cmsSynopsis There is a great example in American history when in June 1956, President Dwight Eisenhower, passed an act to build an Interstate Highway
How bad bank model of ARC, AMC, AIF would work–BUDGET 2021–business today
Clipped from: https://www.businesstoday.in/union-budget-2021/decoding-the-budget/budget-2021-how-bad-bank-model-of-arc-amc-aif-would-work/story/429862.html Budget 2021 news: Currently, the banks have gross NPAs of around 7 per cent which is expected to rise to 15 per cent
Capital infusion in public sector banks undershoots market expectations —BUDGET–: The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/budget-capital-infusion-in-public-sector-banks-undershoots-market-expectations/articleshow/80629575.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Advertorial CILICANT stays ahead of the pack with the launch of their third manufacturing facility Synopsis CILICANT has become one of the world’s
Budget relief: Depositors of stressed banks can access up to Rs 5 lakh of deposits – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/budget-relief-depositors-of-stressed-banks-can-access-up-to-rs-5-lakh-of-deposits/articleshow/80629131.cmsSynopsis The finance minister said that the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961 would be amended to create such a provision.
Economic Survey: Governance, key to end zombie lending – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/economic-survey-governance-key-to-end-zombie-lending/article33710132.ece The Economic Survey 2020-21 has raised the issue of zombie lending. It has noted that apart from from re-capitalising banks, it is important
The rise and fall of Rana Kapoor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/books/the-rise-and-fall-of-rana-kapoor/article33710905.ece The book sheds light on the journey of value creation and callous destruction by YES Bank’s promoter While YES Bank seems to be
Thoughts on Budget and monetary policy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/thoughts-on-budget-and-monetary-policy-121013100739_1.html Beyond hype, if the Budget creates a platform for growth, the RBI will have to change the policy’s stance, but that won’t happen
All eyes will be on the package FM unveils for state-run banks |–BUDGET 2021: Business Standard News
Clipped from: https://www.business-standard.com/budget/article/budget-2021-all-eyes-will-be-on-the-package-fm-unveils-for-state-run-banks-121013100794_1.html A status check on the consolidation of four sets of state-run banks offers clues to the hard decisions that are needed, write Abhijit
RBI to retain key rates, maintain accommodative stance in Feb policy meet–business today
Clipped from: https://www.businesstoday.in/sectors/banks/rbi-policy-meet-central-bank-to-keep-key-rates-unchanged-maintain-accommodative-stance/story/429696.html In the last MPC meet on December 4, the RBI had kept benchmark repurchase (repo) rate unchanged at 4 per cent amid concerns
CEA bats for private sector-led bad bank to counter NPAs–business today
Clipped from: https://www.businesstoday.in/sectors/banks/cea-bats-for-private-sector-led-bad-bank-to-counter-npas/story/429693.html The Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to
Banks might be staring at a spike in retail NPAs – -COVID IMPACT: The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/covid-impact-banks-might-be-staring-at-a-spike-in-retail-npas/articleshow/80615103.cms SynopsisRBL Bank’s gross NPAs fell to 1.84% compared to 3.33% a year ago, but including loans that were not classified as NPAs due
PMLA case: Kochhars, Venugopal Dhoot told to appear in court on February 12 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/pmla-case-kochhars-venugopal-dhoot-told-to-appear-in-court-on-february-12/articleshow/80603915.cmsSynopsis Special PMLA Judge AA Nandgoankar took cognisance of the complaint filed by ED on Saturday and directed all the accused to remain present
Making structural changes can give fillip to the MSMEs in the upcoming budget – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/making-structural-changes-can-give-fillip-to-the-msmes-in-the-upcoming-budget/articleshow/80598173.cmsSynopsis It is critical for the government to take some bold moves that helps in revival of the sector and boosts investor confidence. Covid-19 impacted
Revamping Monetary Policy Target–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/revamping-monetary-policy-target/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. This newspaper does not believe that, in an
New public holding rules for companies under insolvency – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/new-public-holding-rules-for-cos-under-insolvency/articleshow/79768427.cms NEW DELHI: In a first, the government on Wednesday decided to issue a National Security Directive for the telecommunication sector to mandate scrutiny
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