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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.
File image of Raghuram Rajan | Tomohiro Ohsumi/Bloomberg

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 loan problem. He also said a large number of these bad loans can be traced to the 2006-2008 period. ThePrint asks- Raghuram Rajan NPA note: Congress legacy or Modi didn’t check bad loan crisis in time? https://www.youtube.com/watch?v=7ZOLJ3Lu490 Utter idiocy to blame previous government for problems of today Praveen Jha Professor, Centre for Economic Studies and Planning, Jawaharlal Nehru University It is utter idiocy to blame the previous government for the problems of today. It is true that animal spirits were unleashed during the UPA’s time and we were indulging in excessive leveraging as if the sun would never set. But any finger-pointing towards the previous government for what we are witnessing today is incorrect. In the last four years, the NPAs have risen from Rs 2 lakh crore to Rs 11 lakh crore. What...
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. 


The city skyline in Tunis, Tunisia | Representational omage | Trevor Snapp/Bloomberg

In 2019, North African Maghreb will face turbulence over markets, protests & elections

North African governments have to overcome political stalemate and narrow rivalries to address the challenges that will shape their countries.

BCCI set to seek World Cup ban on Pakistan: Playing to the gallery or a stand on terror?

The BCCI is being urged to ask the ICC to ban Pakistan from participating in the World Cup cricket tournament for harbouring Jaish-e-Mohammed, which carried out the Pulwama terror attack.


A CRPF soldier stands guard near the site of suicide bomb attack at Lathepora Awantipora in Pulwama

Home ministry’s air travel facility for central forces won’t replace convoys in Kashmir

After launch of air travel facility for central forces, including CRPF, BSF and NSG, Thursday, ministry official says 'practically impossible to do away with the convoy'.
National Interest

Suicidal Pakistan should know Modi may not be scared of its nuclear button

Pakistan has taken too much of a chance with Pulwama — with the wrong government in India, and at the wrong time.