Tuesday, 18 January, 2022
TopicPublic Sector Banks

Topic: Public Sector Banks

‘Bad banks’ could be effective, but PSBs need better lending policies in the long run

Campus Voice is an initiative by ThePrint where young Indians get an opportunity to express their opinions on a prevalent issue.

Only 1.6% loans to street vendors under PM SVANidhi so far have come from private banks

Of total loans disbursed to over 20 lakh street vendors until 29 March, PSBs gave loans to over 18 lakh applicants while private banks distributed loans to just 32,534.

Govt will protect interest of workers of state-owned banks that may be privatised — Sitharaman

The finance ministers assurances come amid strikes by bank unions opposing the govt's policy to privatise lenders.

Govt plans to privatise public sector banks — these two could be the first ones to be sold

A selection of the best news reports, analysis and opinions published by ThePrint this week.

Why Budget 2021 is a great chance for Modi govt to bite the bullet on PSU bank privatisation

Fiscal compulsions could drive privatisation, but there’s still a need to overcome hurdles created by labour laws and low valuation of public sector banks.

Under Modi govt, top bosses of PSU banks have stopped getting extensions

In the past six years, at least six top public sector bankers have not been given an extension by the Modi govt, despite being eligible for it.

Reduce stake in PSU banks to 50%, provide job incentives to firms — CII’s wishlist for Budget

The industry body headed by Uday Kotak has made the suggestions to Finance Minister Nirmala Sitharaman as part of pre-Budget consultations

In just 5 years, private banks have narrowed public sector’s huge lead in loans & deposits

Private banks’ market share in loans has risen to 36.04% in 2020 from 21.26% in 2015, while public sector banks’ share has gone to 59.8% from 74.28%.

End the domination of public sector banks, not simply recapitalise them. That’s true reform

Let zombie firms linger on & banks stay crippled a little longer if it leads to deeper reform, so India can get away from broken financial system of the 1980s.

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.

On Camera

YourTurn

IAF Chief Air Chief Marshal V.R. Chaudhari addresses a press conference ahead of 89th Air Force Day, in New Delhi on 5 October 2021 | Photo: ANI

Helicopter, transport pilots missing in IAF top ranks. It is a fighter-dominated Service

AVM Mohey is the first helicopter pilot to be appointed Assistant Chief of Air Staff, Training, in nearly three decades. IAF needs policy change.
President Xi Jingping addressing a meeting

Nations must secure global supply chains, prevent inflation shocks: Xi Jinping at WEF

In his 3rd address to World Economic Forum, Chinese President Xi Jinping said 'we need to resolve various risks and promote the steady recovery of the world economy'.

Defence

HAL likely to be in fray for Navy’s NUHs after defence ministry junks Coast Guard chopper deal

Last week, the Defence Acquisition Council scrapped the Coast Guard programme to buy 14 twin-engine helicopters under Buy Global category. Other projects under review now.
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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