scorecardresearch
Thursday, March 28, 2024
TopicBanks

Topic: banks

With 25 crore covered, KYC data of nearly a fifth of India’s population is digital

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.

How to unearth ‘zombies’ in the Indian corporate sector

As the Indian economy recovers, we should be wary of zombie firms that are using the pandemic as an excuse to continue hanging on.

Hijacking bankers to catch swindlers won’t work, RBI needs more supervision

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.

Why Modi govt has made a good call to move out of all non-strategic sectors

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.

Indian economy will be booming by next August, worst behind us — HDFC chairman Deepak Parekh

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.

Allow us to restructure loans but no need for blanket recast, banks tell RBI

The Indian Banks’ Association has written to RBI, saying debt recast needs to be completed by September to prevent fresh bad loan creation.

PM Modi to meet heads of large banks, NBFCs to take stock of economy

The meeting is likely to be around reviving the economy which is expected to contract by 4.5 per cent in the current fiscal, according to some estimates.

One-time loan restructuring, deferment of tax payments needed now — Srei chief Hemant Kanoria

Kanoria said the special liquidity window announced by the Modi government for NBFCs has not helped Srei, adding that banks are still reluctant to lend.

Gwalior shuts banks for a week, a first as Covid cases spike in Madhya Pradesh district

The order suspends banking services until 21 July and prohibits customers from entering bank premises during this time. Banks can open for employees though.

Bankers shocked by China’s 45% tax rate are considering leaving Hong Kong

While Chinese authorities revised the nation’s tax rules in January 2019, they only recently disclosed detailed instructions on how to comply, catching many workers off guard.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.