Monday, 24 September, 2018

Topic: NPAs

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. 
File photo of Prime Minister Narendra Modi | Getty Images

Modi govt may push for mergers to tackle crisis in state-run banks

Apart from the insolvency and bankruptcy code, the govt may announce additional mechanisms to strengthen recovery and reduce NPA levels.
File photo of Prime Minister Narendra Modi | Sean Gallup/Getty Images

In Narendra Modi govt’s final year, distressed assets and bad loans ail banking sector

A gradual systemic failure of banking and financial institutions can lead to catastrophic collapse of our economy. Arvind Subramanian’s resignation...
A file photo of Chanda Kochhar | Commons

ICICI Bank to probe conflict of interest allegations against Chanda Kochhar

The board, which had expressed confidence in Kochhar last month, said the probe will be conducted by an independent person.

This is what cheaper and better looking electric vehicles can do for you

Charging will last for months in electric vehicles, it's cleaner and convenient to use and also reduces air and noise pollution.

Christian priests accused of rape: Isolated events or eroding credibility of Indian church?

While allegations against Bishop Franco Mulakkal are under investigation, there is pressure on Bishops' Council to initiate a full-fledged probe. Experts weigh in.