Friday, 16 November, 2018

Topic: NPAs

File photo of S Gurumurthy | Facebook

RBI’s part-time director S. Gurumurthy says impasse with Modi govt ‘not a happy thing’

Gurumurthy says it is for RBI to decide on the quantum of dividend it pays to the government.
IL&FS headquarters at the Bandra Kurla Complex in Mumbai

Lesson from IL&FS crisis: Indian finance firms need to hold assets that can be collateral

Lenders like IL&FS have amassed large balance sheets but their assets can’t be easily pledged even in normal times.
Indian worker

Project completion slows down in 2018-19 but there’s good news for Modi govt, says study

CMIE study shows implementation has gathered pace and turnaround by next year is possible. This will create more jobs, push overall economic growth.

This Chennai bank is the perfect case study on how to crush the bad loans problem

Indian Bank is the rare public sector bank with the least NPAs and consistent record of reporting profits.
Congress president Rahul Gandhi

‘Clown Prince’ Rahul Gandhi, you lied on the Rafale deal & NPAs: Arun Jaitley

The finance minister accused Congress of lying about the actual value of NPAs during its tenure.
Representational image of a Bank of Baroda branch | Dhiraj Singh/Bloomberg

Govt announces merger of Vijaya Bank, Dena Bank and Bank of Baroda

The merger proposal will be examined by the boards of respective banks.

It all began under UPA: Raghuram Rajan gives Modi ammunition against Congress on bad loans

The reckless lending by PSU banks is seen as an outcome of pressure by UPA government to step up credit.

Raghuram Rajan NPA note: Congress legacy or Modi didn’t check bad loan crisis in time?

Former RBI governor Raghuram Rajan in a note to a parliamentary panel said slow decision-making and over-optimism among bankers aggravated the bad loa...
Punjab National Bank

Scandal-hit PNB wants south Indian banks to help revive its fortunes

Turnaround plan includes acquiring other PSU banks that have a strong presence in south India.
File photo of Prime Minister Narendra Modi | Dennis Brack-Pool/Getty Images

The nature and timing of Modi govt’s changes to bankruptcy law look suspicious

Law made to retrieve money from bad debt is being used to loot public money. 
Graphic used for representational purpose |

Where I see the rise of an illiberal, irritable and sometimes petulant new India

French President Emmanuel Macron has sparked a fresh global debate on nationalism versus patriotism. Here is what I had written in August 2014. Good time to put it to a reality check.