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Friday, May 3, 2024
TopicBanks

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.

On Camera

BJP needs to be Bengalified. Go beyond rosogolla, eat pantabhaat, know what’s hodol kutkut

Words like 'ghuspethiye' or 'tushtikaran' resonate very little in West Bengal, nor do phrases like 'mangalsutra' or Amit Shah's distortion of Mamata Banerjee's 'Maa, Mati, Manush' slogan into 'mullah, madrasa, mafia'.

How govt brought Vodafone Idea back from the brink & earned a neat profit in the process

In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.