Monday, 23 May, 2022
TopicBanking sector

Topic: Banking sector

RBI faces calls to do more than just one rate cut this week

Finance Minister Nirmala Sitharaman has ratcheted up pressure on RBI for a ‘significant cut’ to lift India’s economic growth from a five-year low.

‘Simple’ solutions like privatising India’s banking sector is no panacea: Raghuram Rajan

India needs to clean up banks by reviving projects, better manage public sector banks, de-risk banking and reduce number of govt mandates.

Modi’s promise of loan in 59 minutes will take much longer than that to encash

Bankers are upset with Modi's move to sanction loans of up to Rs 1 crore in less than an hour, call it an ‘election sop’ that could further increase their NPA level. 

RBI on its own cannot solve the NPA crisis in Indian banking sector

There is need for a broader action plan, involving various government bodies, to fight the NPA crisis in banking sector.

Fixing the financial system isn’t enough, it needs to be changed

Experience has taught bankers not to worry about the downside. The government bailed them out with no personal repercussions and without fundamentally changing the system.

The fear of another crisis like 2008 has made banking more boring

In a bid to make finance safe, we have ended up forcing developing countries to rely on their own resources or on dangerous new benefactors, such as China for funds. 

India, world’s fastest growing economy, isn’t growing fast enough to create enough jobs

Glacial economic reforms, fragile banking sector, rigid labor laws and a spotty educational system are holding India back.

India is spending trillions of rupees to rescue its banks. This is lunacy

The government's approach has been to throw money at the problem and mandate reform from above. The reform never happens, or it does not make a difference.

On Camera

YourTurn

The Supreme Court | ThePrintTeam

India has debated sedition at length but it won’t go without the overhaul of justice system

Preventive Detention has stayed its course because India didn’t invest much in the investigative competence of the police, or legal acumen of the prosecutors.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Representational image of drone. | Photo: Mark Kauzlarich | Bloomberg

As drones usher in new era of warfare, India’s growing UAV industry begins to take flight

With a growing indigenous base of drone manufacturers and exporters, and incentives from government, industry sentiment is bullish. However, some concerns remain. 

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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