Bankers are upset with Modi's move to sanction loans of up to Rs 1 crore in less than an hour, call it an ‘election sop’ that could further increase their NPA level.
The IMF said it is closely monitoring the tension between the Ministry of Finance and the Reserve Bank of India (RBI) over the autonomy of monetary policy makers.
Narendra Modi government has taken this problem on in his inimitable style -- head on -- and completely, studiously avoided the short-cut temptation to restructure.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
A lot of NPAs are piling up under the MUDRA scheme as well.