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File photo of Finance Minister Nirmla Sitharaman | Praveen Jain | ThePrint

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.
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

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'.
The RBI logo

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.
Representational image. A morning commuter walks in the Shiodome business area in Tokyo, Japan. (Representational Image) | Photographer: Toru Hanai | Bloomberg

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.
A customer uses an automated teller machine (ATM) at a State Bank of India Ltd. (SBI) branch. | Photographer: Karen Dias | Bloomberg

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.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

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.
Winter Session of Parliament

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.
A customer uses an automated teller machine (ATM) at a State Bank of India Ltd. (SBI) branch. | Photographer: Karen Dias | Bloomberg

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.
bronze bull statue at BSE

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.

On Camera

PM Narendra Modi and Xi Jinping | Commons

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.
File photo of a Bharat Petroleum Corporation gas station in Mumbai

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

Indian Army (representational image) | Photo: PTI

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.
Illustration by Soham Sen | ThePrint

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.