While bank credit looks healthy, there are signs of stress. Pvt investments show green shoots but merchandise exports are contracting. Foreign investors continue to find India attractive.
It is crucial for banks and other financial institutions to conduct regular stress tests against known market risks, including inflation and interest rate risks, writes Atul.
World Bank’s India Development Update does, however, say that inflation will ease, and that strong services exports will mitigate some external factors expected to slow growth.
While commercial banks wrote-off Rs 10.09 lakh crore in last five financial years, they have recovered only Rs 1.32 lakh cr — a shade over 13% — from these written-off accounts.
Companies increasingly looking to raise funds from market, while banks focus more on personal loans. Reasons for shift include NPA crisis & higher trust among households, say experts.
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.
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.
India urgently needs a range of entities to solve for the vast diversity in its credit intermediation requirements, including in infrastructure financing.
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.
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.
All academic institutions, it is at Harvard, the richest and perhaps the most powerful academic institution in the world, that Epstein’s ties appear to have flourished most.
Siddaramaiah govt’s five schemes strain finances as GST changes hit revenues; debt to jump nearly Rs 80,000 crore. State also plans to auction liquor licences & extend bar timings.
The MHA is deliberating on new recruitment rules for all CAPFs, including the CRPF, ITBP, and SSB. It wants to incorporate a 50% quota for Agniveers across the CAPFs.
If Pathaan gave both conservatives and liberals room to hide, Dhurandhar extends no such courtesy. Aditya Dhar ripped open that tent of hypocrisy and turned the knife.
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