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The rating agency says India, Mexico, and South Africa are among the banking systems that will be slower to recover to 2019 levels — likely beyond 2023.
RBI’s process to fix the bank hasn’t yielded any results. The bank’s net worth is wiped out and its depositors are struggling with restrictions on withdrawal.
Loan losses from the pandemic may be too huge for the government to pay, says a new paper authored by the former RBI governor and former RBI deputy governor.
Supreme Court gives Modi govt over 2 more weeks to decide on waiver of interest for moratorium period after considering interest of all classes of creditors & all sectors of economy.
The process, which started in early 2017, took nearly 2 years to reach the 10-crore mark. But this more than doubled over the last 17 months to touch 25 crore now.
As the Indian economy recovers, we should be wary of zombie firms that are using the pandemic as an excuse to continue hanging on.
India’s banks need long-pending governance reforms. Efforts to prevent corporate plunder will unfairly disadvantage the likes of 'glocal' banks such as Citigroup and HSBC.
Government participation in the market should be the exception, and not the norm. The latest bid to disinvest is a step in the right direction.
At ThePrint's Off the Cuff, HDFC chairman Deepak Parekh said govt should reduce stakes in state-owned banks to 51% and pursue aggressive asset monetisation & privatisation.
The Indian Banks’ Association has written to RBI, saying debt recast needs to be completed by September to prevent fresh bad loan creation.