To the loud, self-congratulatory tweets of policymakers and politicians, supported by the media (which is quick to declare a few data points as a major
Category: RBI–Banks
RBI’s efforts may not be enough | Business Standard Column–28.05.2018
The next Reserve Bank of India (RBI) Monetary Policy Review in early June will be watched with keen interest. Inflation is rising, fourth quarter (Q4) results are
Not even Rs 1 lakh crore NPA resolved and 26 banks sitting on whopping Rs 7.3 lakh crore bad loans volcano – The Financial Express–26.05.2018-R
The NPAs of 26 banks were Rs 7.31 lakh crore on March 31, 2018. Narendra Modi government’s Insolvency and Bankruptcy Code (IBC) was hugely celebrated after
$32 billion bank recap plan for state banks tumbles, as losses mount | business news | Hindustan Times–26.05.2018
When the government announced a surprise $32 billion bailout plan for the nation’s state-controlled banks last October, credit rating firms and the nation’s central bank
Signals from a bankruptcy | The Indian Express–25.05.2018
A Taliban prisoner once told an American soldier: “You have the watches, but we have the time.” His quip was not different from what defaulting
Oil prices and US interest rates control rupee’s fate – The Economic Times–25.05.2018
Where the rupee finally settles and finds a degree of stability will depend on whether this sudden sharp turn in sentiment sustains. Let’s get a
Amid rising bad loans of PSBs: Government won’t allow banks to default, says DFS secretary | The Indian Express–24.05.2018
The government has backed up and there’s no way the government can allow any bank to default,” financial services secretary Rajiv Kumar said. Express photo
Finmin not seeking relaxation of RBI’s PCA framework, PSBs told to focus on core biz – Business Line–22.05.2018
The finance ministry is not seeking any relaxation from RBI in its prompt corrective action (PCA) framework and has instead asked banks to adopt differentiated
Problem in bond market is root cause of banking sector crisis: CAG | Business Standard News–21.05.2018
Comptroller and Auditor General (CAG) of India Rajiv Mehrishi today said the root cause of banking sector crisis in India is the problem in bond market as the RBI acts as
Await rate hikes, era of cuts may be over – The Hindu–21.05.2018
Inflation may spur shift in RBI stance While the market is, in general, expecting yet another pause from the Reserve Bank of India when it
Start cutting staff of PCA banks to help them survive – The Financial Express–19.05.2018
If these banks are to have any hope of turning around, fixing the staffing has to an integral part of any turnaround plan. At a
RBI’s Feb Circular: Finance Ministry keeps up demand for relief on insolvency trigger – The Financial Express–19.05.2018
Stressed PSBs said in Thursday’s meeting with the ministry that they would be affected by the RBI rule. The finance ministry will renew calls for
bad loans: Deadlines likely for turnaround of PSU Banks under RBI watch – The Economic Times–18.05.2018
The government is looking to impose strict deadlines on banks that are under the Reserve Bank of India’s watch to implement a turnaround plan. This
PNB: About time PNB takes some rest from banking activity; here’s why–Economic Times–18.05.2018
By Andy Mukherjee Other than the embarrassment of asking the country’s second-largest state-run lender to, well, stop lending, there’s no other reason why India should
PNB Fraud: Nirav Modi scam: US court wants PNB staff probed–Economic Times–18.05.2018
A New York court has called for an investigation into the role of Punjab National Bank employees in the alleged fraud involving Nirav Modi, before deciding
Careful with the CBI, expect to hit lending – The Financial Express–16.05.2018
Bank lending to industry grew just 0.7% in FY18, after contracting 1.9% in FY17 – will get worse with spooked bankers. On the face of
Free banking services out of GST net: FinMin official – Business Line–16.05.2018
Free banking services like cheque book issuance and ATM withdrawals is likely to remain out of the ambit of the GST, a senior finance ministry
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Power sector NPAs are not a banking problem–Economic Times–14.05.2018
Around 22% of India’s installed power-generation capacity burdens Indian banks as non-performing assets (NPA). There is little scope of restructuring them through the Insolvency and
Public sector banks may seek early recapitalisation on new NPA rule – Business Line–14.05.2018
The Reserve Bank of India’s revised framework for resolution of stressed assets may lead to public sector banks calling for an earlier recapitalisation by the
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