Gross non-performing assets (GNPAs) of 41 listed Indian banks are likely to collectively increase to ₹8.8-9.0 lakh crore by March-end 2018 from ₹7.65 lakh crore
Category: RBI–Banks
Forced PSU bank mergers won’t work | Business Line–31.08.2017
An architecture has emerged for the Government to tackle the massive bad loan problem of state-owned banks. There is now a Banks Board Bureau
Economic growth likely to be consumption-led | Business Line
The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions
SBI: Consolidation of PSU banks remains a work-in-progress–Economic Times–30.08.2017
It was in the budget speech on February 28, 2005 that consolidation of Indian banking industry was probably put forth for the first time by
reserve bank of india: RBI cracks whip on 50 more defaulters having Rs 2 lakh crore outstanding–Economic Times–30.08.2017
The Reserve Bank of India (RBI) has directed banks to refer as many as 50 dud accounts to bankruptcy court if they are unable to
RBI asks banks to stick to December deadline for insolvency | Business Standard News–30.08.2017
RBI said the top 12 accounts, having an exposure of at least Rs 5,000 crore each, should be referred for bankruptcy proceedings The Reserve Bank
Number of wilful defaulters continues to rise steadily | Business Line–30.08.2017
This is despite banks’ cautious approach and the ongoing clean-up of accounts Even as the Centre and the RBI have been pushing forth quick resolution
MAT: Insolvency process: Who will pay 20% MAT on book profits when assets are written down?–Economic Times–29.08.2017
The bad-loans recovery exercise now has a puzzle to solve: Who pays the 20% Minimum Alternate Tax (MAT) on book profits when assets are written
[ Public Sector Banks–Capitalization Support ] No silver bullet | The Indian Express–28.08.2017
The RBI’s latest Financial Stability Report shows that the gross bad loan ratio of PSU banks could be as high as 14.2 per cent by
Jaitley advocates for digital economy, says terror, graft thrive on cash | Business Standard News–27.08.2017
Encouraging the notion of a cashless economy, Union Finance Minister Arun Jaitley on Saturday said that large amounts of cash flowing in the economy have
Full text of third bi-monthly Monetary Policy, 2017-18 | Business Line–27.08.2017
Full text of third bi-monthly Monetary Policy, 2017-18 via Full text of third bi-monthly Monetary Policy, 2017-18 | Business Line
Banks should link home loan rates to repo rate: RBI appointed committee–Economic Times–26.08.2017
A Reserve Bank of India appointed committee on Household Finance has suggested that banks link their home loan rates to the RBI‘s repo rate, the
Banks–Staring into the hole | Business Standard Column–T N Ninan–26.08.2017
More than two years ago, the Reserve Bank declared war on what it had winked at till then: the fudging of bank balance sheets. Since
BHIM app: Payment firms ask PM Narendra Modi to make NPCI a neutral agency–Economic Times–25.08.2017
Several leading entreprenuers in the payments sector, including Paytm’s Vijay Shekhar Sharma and PhonePe’s Sameer Nigam, recommended to the Prime Minister and the government that
Reserve Bank: Reserve Bank Deputy Governor Viral Acharya warns of pitfalls of debt-driven “furious growth”–Economic Times–25.08.2017
Amidst shrill calls for double-digit growth, Reserve Bank Deputy Governor Viral Acharya has warned that such faster GDP expansion is always debt-driven and could crash
Debt resolution top priority in insolvency process, says IBBI chief MS Sahoo – The Financial Express–25.08.2017
Resolution of indebtedness of a firm will be the top priority of all constituents of the insolvency and bankruptcy mechanism in the interest of the
‘Steel industry is the largest contributor to the banking system’s overall NPAs’ | Business Line–25.08.2017
The capital-intensive steel industry is considered the largest contributor to the banking system’s overall non-performing assets (NPAs), with the top five steel companies — Essar
Spare the taxpayer: Recapitalisation of public sector banks needs to come with governance reforms–Times of India–24.08.2017
Financial results of public sector banks for April-June quarter show that they remain fragile. Collectively, they made a loss when their private sector peers turned
Reserve bank of India: Bank consolidation should achieve efficiency, says former Reserve Bank of India governor D Subbarao–Economic Times–24.08.2017
Duvvuri Subbarao, former governor of Reserve Bank of India said consolidation of public sector banks is necessary to strengthen the banking system if it is
India needs banks of different sizes–Economic Times–24.08.2017–
SBI chairman Arundhati Bhattacharya’s caution on bank mergers has much merit, even as the Cabinet has given an in-principle nod for consolidation. Yes, the economy
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