We are used to thinking that banks typically lend to larger firms, and households borrow from the informal sector. It's time to revise these misconceptions.
Companies increasingly looking to raise funds from market, while banks focus more on personal loans. Reasons for shift include NPA crisis & higher trust among households, say experts.
Over half a century since Indira Gandhi nationalised 14 public sector banks, move still evokes sharp divisions, with some criticising it as a failure and others hailing it as a landmark decision.
Lenders view loan approvals with a low CIBIL score as a risky proposition, whereas a good credit score provides some assurance that the debt will be recovered.
The Modi government should assure citizens that no part of the monetised revenue will be used to bail out NPAs or build white elephants to mollify vote banks.
According to bankers, total debt recast will be around Rs 3 lakh crore. Shapoorji Pallonji, Future groups among firms to receive nod for recast, but may ultimately not need it.
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.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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