Saturday, 21 May, 2022
TopicBanks

Topic: banks

Singed by farm protests, Modi govt holds up privatisation of 2 PSU banks until state polls

The government had listed the Banking Laws (Amendment) Bill, 2021 in the Winter Session of Parliament but it still awaits cabinet approval.

Controversial FRDI bill being ‘fine-tuned’, likely to make a comeback in 2022-23

Finance ministry in process of finalising certain provisions like the ‘bail-in’ clause, which had triggered uproar that forced the legislation to be withdrawn in 2018.

Nearly 7 lakh public sector bank employees begin 2-day nationwide strike

Bank unions said that services at over 1 lakh branches across India have been impacted. The strike is against the govt's move to privatise two public sector banks.

Banks, NBFCs keen to offer easy credit to fuel consumer spending in festive season

Businesses in Indi are expecting sales during Diwali will pick up to levels seen before the pandemic struck early last year. That is in part because banks are eager to lend.

10-year-low interest rates, discounts — Banks, builders pin hopes of revival on festive season

In anticipation that consumers will ease their purse strings during festive season, banks including SBI & HDFC have slashed home loan rates to the lowest level in a decade.

Cabinet approves proposal to provide Rs 30,600 crore govt guarantee for bad bank

The proposed bad bank or NARCL will pay up to 15% of the agreed value for the loans in cash and the remaining 85% would be government-guaranteed security receipts.

Gross NPAs of banks may rise to 9.8% by March 2022, RBI report shows

The gross non-performing assets of banks may increase to 11.22% under a severe stress scenario, the central bank's Financial Stability Report added.

Rs 2 lakh crore – that’s how much debt India’s bad bank opening this month will handle

By housing bad loans of many lenders under one roof, the new entity should help speed up decision-making and improve bargaining power when resolving these assets.

4 ways fixed deposits can help finance your expenditures

Other than helping save money, fixed deposits are also extremely useful for funding some common big-ticket expenses.

Credit insurance protects businesses and allows growth in these times of uncertainty

After a decade of being left out in the cold, it seems like Indian banks and financial institutions will be allowed access to the credit insurance market again.

On Camera

YourTurn

Title scene of Taarak Mehta ka ooltah chashmah.

Dear Taarak Mehta, you were our peak comfort content for 14 years. Now it’s time to retire

Just like the Truman Show, all Taarak Mehta plots somehow feel the same for the past few years. It's fine to accept that ideas can go stale.
File photo of chief economic advisor V. Anantha Nageswaran | Photo: Twitter | @FinMinIndia

Stock market turmoil, crypto craze proof of human ‘fear, greed’ says chief economic advisor

Speaking at India Ideas Conclave, organised by think tank India Foundation in Bengaluru, V. Anantha Nageswaran, also said India was now in position to deliver domestically-driven growth'.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

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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