RBI’s latest financial sector report card highlights drop in NPAs, capital buffers for banks & better asset quality for NBFCs. But new sources of risk, like climate change, have emerged.
There are, however, also some incipient signs of stress in the form of shrinking net interest margins & build-up of bad loans in retail segment that need to be monitored.
In the last week, cash-strapped Lakshmi Vilas Bank has seen shareholders vote out its top management, raising concerns over the proposed merger deal with Clix Capital.
ICRA estimates that PSBs need around Rs 60,000 crore in the current fiscal, but these banks are struggling to raise capital despite asset quality challenges.
Private sector banks were once considered to be more accountable with stringent regulatory practices in place. Yes Bank crisis has undermined these assumptions.
FM Sitharaman also announced the govt will set up 5 university townships in the vicinity of major industrial logistics centres, and set up or upgrade 4 Telescope Infrastructure.
The surge in capital budget considers a slew of mega contracts set to be signed next fiscal, including the one for 114 Rafale jets for the Indian Air Force.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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