Sunday, 26 June, 2022
TopicNPA

Topic: NPA

Bad loans of commercial banks down to Rs 9.34 lakh crore in last fiscal, says Sitharaman

Finance Minister Nirmala Sitharaman said the govt has instituted a comprehensive 4R's strategy to reduce bad loans of banks.

PNB reports another NPA scam of Rs 38 billion, after the massive Nirav Modi fraud last year

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.

Banks Board Bureau, Modi govt’s answer to woes of PSU banks, is yet to start delivering

Since 2016, PSBs’ performance has only gone downhill despite Banks Board Bureau’s mandate to reinvent them for greater efficiency, among others.

Supreme Court striking down RBI circular will alter India’s financial & judicial landscape

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 only quashed RBI circular on bad loans, insolvency law still hangs over private firms

The IBC, and the RBI’s February 2018 circular, were shocks to the pre-existing credit culture that allowed Indian state to act with impunity.

SC ruling on RBI circular will only delay bad loans recognition & solution

SC judgment will provide temporary relief for banks & companies in stressed sectors but could hurt central bank’s regulatory framework governing bad debts.

India has the second worst NPA ratio among large economies

New IMF data ranks India 33 among 137 nations with bad NPA ratio in descending order. Of the 32 countries with worse ratio, 16 are in Africa.

Ailing IDBI Bank wants another Rs 10,000 crore from new owner LIC, weeks after new funding

IDBI Bank has routed the request through the Department of Financial Services in the finance ministry.

It’s time policy makers acknowledge the real problem facing India’s shadow banks

The collapse of the highly rated infrastructure operator-financier IL&FS Group exposed the fault lines under Indian shadow banks’ impressive credit edifice.

MUDRA scheme: What the Modi government failed to do for small businesses

The slowdown in credit to small businesses is yet another example of central planning gone wrong.

On Camera

YourTurn

A Wimbledon court | Twitter/Wimbledon

Not Russia, a point-less Wimbledon 2022 affects young tennis players most

Young underdogs have often defeated tennis titans. But Wimbledon 2022 removing ranking points sets them back instead of making a geopolitical impact.
Credit: ThePrint team

‘All about helping Rajni’ — tech gurus at iSPIRT quietly power India’s digital revolution

With the fictitious Rajni from rural India as its guiding light, iSPIRT has been using internet & software to change structure of country’s economy, with aim to improve quality of life.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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