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Topic: NPAs

Shaktikanta Das

Mega projects can reignite economy but infra NPAs for banks remains high, says RBI governor

In an address to the CII, Das stressed the need for alternative sources of infra financing, and pushed for early completion of FTAs with US, UK and EU.
A cashier examines Indian rupee banknotes at the Mayuresh Watches and Traders watch and mobile phone store in the Byculla area of Mumbai

Indian banks could add Rs 10 lakh crore in NPAs due to Covid: Ex-finance secretary Garg

In a blog, ex-finance secretary Subhash Chandra Garg said 80% of bank lending was to non-essential sectors that have completely stopped functioning in the lockdown.
Raghuram Rajan | File Photo | Simon Dawson | Bloomberg

Raghuram Rajan tried to find bad loans. The dirt that came out was thrice his expectation

In Bad Money, Vivek Kaul writes how public sector banks refrained from recognising bad loans because that meant setting aside money to meet these losses.
farmers

How a reform on Modi govt agenda can protect your deposits & keep banks from failing

Bringing back the Financial Resolution and Deposit Insurance Bill could be a very important reform in laying the foundations of a stronger financial system. 
File photo | PM Narendra Modi | Praveen Jain | ThePrint

Indian economy is sinking and Modi govt knows what will work. So what is it waiting for?

Four quick-impact reforms are already on the Modi government’s agenda. It is time for the BJP to heed its own advice.
Prime Minister Narendra Modi at the Assocham event in New Delhi on 20 December | Praveen Jain | ThePrint

Amar Ujala & Jagran back Modi on CAA, Bhaskar says Jharkhand verdict shows anger against BJP

A round-up of the Hindi newspapers opinion pages to reflect the viewpoint on topical issues from the heartland.
Latest news on Indian economy

Sensex crashes by 306 points as HDFC twins & FMCG stocks plummet

Stock markets extended their losses for a third straight day amid weak global trends, sinking the Sensex to an over two-month low.
A SBI branch in Mumbai | Dhiraj Singh/Bloomberg

Andhra Bank, SBI, UBI among top PSU banks with over 70% NPA from industry in FY19

Finance ministry data shows Andhra Bank had highest share of industry bad debts at 86%. UBI and Indian Bank followed at 78% and 74%, respectively.
File photo of Prime Minister Narendra Modi with Pakistan PM Imran Khan | YouTube

TCA Raghavan on India’s Pakistan policy, and Harsh Mander on what he ‘dreads’ Modi govt will do

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

Anurag Behar gives a ‘teaser’ of new education policy & Ashwani Lohani on Air India’s downfall

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

On Camera

Boring Joe Biden chooses boring Kamala Harris for VP. But it’s a logical choice

California’s Kamala Harris is a nationally known senator from a big state who had run for president and acquitted herself well. That speaks well of Biden.
A sign reading "Bitcoin Accepted Here" is displayed next to a cash register at The Pink Cow restaurant and bar in Tokyo, Japan. | Photographer: Yuriko Nakao | Bloomberg

Bitcoin run is again giving bulls hope for prices beyond $12,000

The digital-asset community tends toward Bitcoin bullishness at pretty much any time, but there are indications the increase might be more sustainable this time around.

Defence

The national flags of China and India (Representational Image) | Photo: Dhiraj Singh | Bloomberg

No progress made in India-China major general-level talks, all eyes now on diplomatic parleys

Talks were held Sunday over Depsang Plains tensions. Next round of meeting under Working Mechanism for Consultation and Coordination is being scheduled now.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.