Topic: banks
Nirmala Sitharaman promises action after female bank worker assaulted by Surat constable
The video of a Canara Bank female employee being assaulted by a police constable in Surat went viral Tuesday. The accused was suspended after Sitharaman took up the matter.
Economics not over health: SC after RBI says interest waiver will affect banks
The court allows Centre time to file a response on behalf of the RBI and finance ministry after plea says RBI’s 27 March circular didn't serve 'economic justice'.
Fear of lending, few borrowers — why banks are flooding RBI with funds for low returns
Banks parked Rs 8 lakh crore per day last week, worried about rise in bad debts and with lack of credit demand from borrowers due to uncertainty triggered by the pandemic.
Samurai Boost: Why Indian companies are leaning more on Japanese banks for funding
Dollar funding has become more costly amid turmoil but the price of raising yen has risen more slowly, boosting the appeal of fund-raising in the currency.
Why Indian banks could make the Covid-19 economic crisis only worse
Despite warnings, India waited too long to fix the banks, thinking that it had all the time in the world. Now it may be too late.
How banks can help India get its growth back on track
Cleaning up bank balance sheets might stem current slump, but until lenders see major set of new opportunities, Indian economy won’t return to rapid growth.
Nirmala Sitharaman’s Budget 2020 must make MSME lending a core business activity of banks
The Union Budget 2020 should focus on creating a coherent and viable policy framework for lending to MSMEs, including making it a core business activity for banks.
Banks to get Rs 54,000 crore bonanza this month from bankruptcy recoveries
Banks are expected to benefit from bankruptcy recovery process from Essar Steel, Prayagraj Power Generation, Ruchi Soya and RattanIndia Power.
Newest bank to list, Ujjivan Small Finance debuts with as much as 70% in IPO
Ujjivan Small Finance shares climbed as high as Rs 62.80 before closing the session at Rs 56 in Mumbai, up 51% from the IPO price.
Nandan Nilekani: India’s financial inclusion is on fast track because of these 3 big ideas
Innovative platforms like Amazon, Google, Facebook, and Uber wouldn't have been so successful without the class of silent public technology investment.
India must keep Beijing on tenterhooks, and wisely use its economic statecraft
A knee jerk disruption in trade ties will hurt Indian businesses, especially at a time when the economy is beginning to re-adjust to the new normal of Covid-19.
India’s fuel demand from cars to factories is beginning to bounce back
Provisional fuel sales in June climbed within 88% of 2019 levels from less than half in April in the midst of the world’s biggest lockdown, oil ministry said.
Defence
India keeps tight watch on Pakistan as ceasefire violations rise at LoC amid China standoff
According to govt figures, April, May and June (as of 25th) have seen 387, 382 and 302 ceasefire violations, respectively — a three-fold rise since 2018.
India must believe threat of war is real, even if Chinese build-up is coercive diplomacy
India invented coercive diplomacy with Op Parakram. But unlike Pakistan back then, it must never blink, be prepared for war, and wear out the Chinese.