Tuesday, 18 January, 2022
TopicPrivate sector banks

Topic: Private sector banks

Yet another private lender in crisis, but a rescue mission is on track at Lakshmi Vilas Bank

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.

Why public sector banks are struggling to raise capital but private banks are having it easy

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.

In Yes Bank crisis, you can’t miss the ugly realities of India’s private sector lenders

Private sector banks were once considered to be more accountable with stringent regulatory practices in place. Yes Bank crisis has undermined these assumptions.

Troubled Yes Bank is now a ‘fallen angel’

Moody’s cuts Yes Bank’s credit rating to junk, which is rare for an Indian private sector bank.

On Camera

YourTurn

What it will take to vaccinate the world against Covid

A Q&A with vaccine scientist Peter Hotez, author of 'Preventing the Next Pandemic', on developing a low-cost Covid vaccine, and why Omicron won’t be the end of the pandemic.
File photo of Mukesh Ambani | Photographer: Prodip Guha/Getty Images via Bloomberg

Reliance buys robotics startup Addverb for Rs 1,000 crore to fuel tech ambitions

Mukesh Ambani, Asia’s richest person, is investing in technology as competition from rivals such as Amazon intensifies in India’s booming e-commerce market.

Defence

National Defence Academy | Twitter | Headquarters Integrated Defence Staff

Why was number of women cadets for NDA fixed at 19 in 2022, same as 2021, SC asks Centre

UPSC notification issued December 2021 says first phase of NDA exam for 2022 scheduled in April. Notification declares 19 women candidates will be chosen out of 400 successful ones.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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