Monday, 24 January, 2022
TopicBanking sector

Topic: Banking sector

What is Modi govt’s ‘bad bank’ that will buy Rs 2 lakh crore debt, free up lending

National Asset Reconstruction Co. Ltd (NARCL) is awaiting RBI’s nod. It aims to free up bank resources for lending to productive sectors of the economy.

Banking services hit as PSU banks go on 2-day strike to protest against privatisation

Nine bank unions collectively gave a strike call for 15-16 March to protest against privatisation of two state-owned banks, a move govt had announced under its disinvestment plan.

To avoid Yes Bank-like shocks, let differentiated banking licenses address financing gaps

India urgently needs a range of entities to solve for the vast diversity in its credit intermediation requirements, including in infrastructure financing.

Should corporates run banks? Pros & cons of RBI’s proposal on entry of private corporations

In episode 628 of #CutTheClutter, ThePrint’s Editor-in-Chief Shekhar Gupta dissects RBI’s latest proposal to allow Indian corporates into the banking sector.

RBI & Modi govt mustn’t let corporates into banking sector without improving supervision

Recent bank failures show that concerns about RBI’s supervisory capacity are relevant. A common feature was RBI allowing problem of bad loans to linger.

India can’t replace China at manufacturing, not without paying more: Economics commentator Martin Wolf

In conversation with ThePrint's Editor-in-Chief Shekhar Gupta, Chief Economics Commentator at The Financial Times, Martin Wolf discussed India's fiscal deficit, banking sector and its potential in the global market.

Indian banks need capital, stronger balance sheets to take on Covid crisis, Uday Kotak says

Legacy of bad loans, NBFC implosion & historic bailout have left banks weakened coming into lockdown, which has stalled economy & led to surge in unemployment.

Banking services hit as employees join nationwide strike by trade unions

Unions participating in the call for a nationwide strike said they were opposing govt policies on bank mergers, privatisation, fee hike and wage-related issues.

S&P warns of increased contagion risk in India’s financial sector

S&P said if an Indian bank got into trouble, the contagion could spread to other banks “perceived to be struggling” with the same problems as failing banks.

Sensex dips 470 points, shares of Yes Bank plunges over 15%

Tata Motors, HDFC Bank, Bharti Airtel and Asian Paints were the only gainers, rising up to 1.97 % after stock-specific sell-off in index heavyweights dragged key indices lower.

On Camera

YourTurn

Liberals mourning India Gate flame must also recall some dark aspects of the colonial Army

The moving of the flame seems, to some, as part of an ongoing extinguishing of the Indian Army’s heritage of secularism, decency and righteousness.

South-East Asia’s SMEs are underperforming. Their ‘digital revolution’ depends on fintech

Digitisation of South-East Asia's economy during the pandemic is uneven. The growth in digital services has favoured individual consumers, not SMEs.

Defence

File photo of Scorpene-class submarine 'INS Vela', at the Naval Dockyard in Mumbai | ANI

Kamov choppers, submarine torpedoes among deals defence ministry will review this week

Ministry is reviewing all procurement under the ‘Buy (Global)’ category, under which equipment is bought directly from foreign manufacturers, amid govt's 'Atmanirbhar' push.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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