Friday, 16 November, 2018

Topic: Bad Loans

Raghuram Rajan

PMO says RTI plea seeking details of Raghuram Rajan’s report on bad loans is a roving enquiry

Praveen Kumar, under secretary at the PMO, said that the information sought does not come under the definition of information in the RTI Act.
RBI logo

5 reasons why the RBI and Modi govt are at loggerheads

From a banking crisis to interest rates, the RBI has often found itself on opposing sides to the Modi government this year.
Punjab National Bank (PNB) branch in Mumbai

Serious lapses by banks are behind bad loans crisis: Central Vigilance Commission

CVC identifies 100 bank frauds to understand and prescribe solutions, so that the systemic failure which led to a surge in NPAs can be addressed.
Rahul Gandhi

In Modi’s India, DeMo meant crony-capitalists converting their black money: Rahul Gandhi

Congress president also alleged that crony capitalists got their Rs 3.16 lakh crore debt written off using public money.

Why Lehman’s Act 3 won’t play in emerging markets

The forces that hastened Lehman’s demise have steadied emerging markets in the last 10 years.

It all began under UPA: Raghuram Rajan gives Modi ammunition against Congress on bad loans

The reckless lending by PSU banks is seen as an outcome of pressure by UPA government to step up credit.

Raghuram Rajan NPA note: Congress legacy or Modi didn’t check bad loan crisis in time?

Former RBI governor Raghuram Rajan in a note to a parliamentary panel said slow decision-making and over-optimism among bankers aggravated the bad loa...
File photo of Prime Minister Narendra Modi | PTI

Biz media supports PM on high growth rate, but Bloomberg differs

The state of the economy continues to be on top of everyone's mind, especially Prime Minister Narendra Modi, who lauded his government's growth achievements.
Men waiting outside shops for work in New Delhi during the demonetisation period in India | Bloomberg

By a 99.3% verdict, India’s cash ban was a farce

RBI's focus on pressing issues like the banking system deserves more attention after two years of cash ban frenzy and counting of old notes.
RBI

To address bad loans, govt asks RBI to identify public sector banks that can be merged

Govt has also asked RBI to suggest a time frame for the consolidation to create better-capitalised lenders and improve regulatory oversight.