Thursday, 29 September, 2022
TopicIndian Banks

Topic: Indian Banks

Investment bankers set to collect bumper Rs 2,600 crore fees from record IPOs this year

A little over 110 firms listed their shares in Mumbai this year, raising almost $18 billion. The fees raked in by banks are more than four times the previous record in 2017.

Why India’s bankruptcy framework needs urgent reform, once again

Biggest failing of the bankruptcy code is its institutional infirmity. A US-style debtor-in-possession bankruptcy may have been far more suitable to India’s on-the-ground reality.

Setting up bad bank to fix NPA problem is a bad idea. It’s a temporary solution & just bad economics

ThePrint view on the most important issues, instantly.

The big court cases that will determine fortunes of Indian banks in 2021

The legal tussles pit India’s lenders, central bank and government against corporate borrowers struggling to survive amid lockdowns prompted by Covid-19.

Nirmala Sitharaman urges banks to promote RuPay cards, discourage non-digital payments

Addressing the 73rd annual general meeting of the Indian Banks' Association, Finance Minister Sitharaman also asked banks to ensure all accounts are linked with Aadhaar number.

This Indian banker is the world’s best, says The Economist

Launched in 1994, India's HDFC Bank is now the world’s 10th most valuable bank and has surpassed Citibank and HSBC in worth standing at about $90 billion.

India’s economic recovery will be hit if banks aren’t recapitalised, former RBI chiefs warn

Bad loans of Indian banks pose a risk to growth if they aren’t recapitalised, D. Subbarao, Y. Venugopal Reddy and C. Rangarajan say in a new book.

Why public sector banks are struggling to raise capital but private banks are having it easy

ICRA estimates that PSBs need around Rs 60,000 crore in the current fiscal, but these banks are struggling to raise capital despite asset quality challenges.

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.

The risky game Indian banks are playing as Covid loans moratorium nears its end

Financial firms have an incentive to pretend their borrowers have become miraculously stress-free. Investors know this and are trying to ferret out bad news.

On Camera

YourTurn

Congress leader Rahul Gandhi and Yogendra Yadav at the Bharat Jodo Yatra | YogendraYadav/Facebook

‘Congress must die’, I said in 2019. What I meant then, and what’s changed now

At this juncture in history, you don't hold on to grudges. Following Paul Samuelson, I ask everyone: 'When the situation changes, I change my assessment. What about you, sir?'
European Commission President Ursula von der Leyen and EU Foreign Policy Chief Josep Borrell address the media on the Ukraine crisis in Brussels, Belgium, on 28 September 2022 | Yves Herman/Reuters

Oil price cap to blacklistings — EU slaps new ‘biting’ sanctions on Russia over Ukraine

Ursula von der Leyen, who proposed the fresh sanctions said the European Union is 'determined' to make Russia pay the price for the further escalation with Ukraine.

Defence

File image of Lieutenant General Anil Chauhan Twitter@adgpi

Centre appoints ‘China expert’ Lt Gen Anil Chauhan as new CDS

Lt Gen Chauhan retired as the Eastern Army Commander on 31 May, 2021. Prior to that, he was the Director General of Military Operations during the Balakot air strike in 2019.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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