Economic Affairs Secretary Ajay Seth told ThePrint the govt & the management of the banks are in consultation about this & it will not be possible for some banks to reach 25% in one go.
RBI’s latest financial sector report card highlights drop in NPAs, capital buffers for banks & better asset quality for NBFCs. But new sources of risk, like climate change, have emerged.
Data shows large public sector banks received highest number of complaints in absolute terms, but fared better than several private banks when looked at on complaints-per-branch basis.
RBI has issued consolidated rules on wilful defaulters, dealing with their definition and treatment, including when the controversial compromise settlement process is involved.
G20 declaration acknowledges cascading economic crises that pose challenges to long-term growth. Suggests framework for development, deployment & governance of digital public infra.
Study by US-based not for profit, Women’s World Banking, finds that lack of regular income, no control over household money, & societal norms make savings a challenge for women.
Months after the system was put in place by the RBI, bigger lenders with more exposure to the dollar are worried their businesses could be disrupted by sanctions from the US & Europe.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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