The standard advantage of a bad bank is the entity taking a decision on sale price is different from the entity accepting that price, former RBI governor D Subbarao said.
Fear of probe agencies investigating bad loans left a deep scar on banking officials, raising their risk-averse nature to lending. RBI wants Kamath panel to take care of those fears.
Modi govt has promised 100% credit guarantee to banks and NBFCs to ensure credit flow to MSMEs. But bankers say revival of the economy is crucial to loan performance.
Punjab National Bank reported the new fraud to the Reserve Bank of India. The fraud took place at its Chandigarh branch, and in its Hong Kong and Dubai offices.
Supreme Court has made bankruptcy code the RBI’s second option for resolving bad loans, and abandoned the long-held ‘expert body doctrine’ in jurisprudence.
SC judgment will provide temporary relief for banks & companies in stressed sectors but could hurt central bank’s regulatory framework governing bad debts.
Macaulay’s intervention led to a colonial mentality in several sections of India. But because of English language, it also led to a lot of unintended consequences.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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