Tuesday, 17 May, 2022
TopicPublic Sector Banks

Topic: Public Sector Banks

How government intervention is wrecking India’s banking system

A summary of Episode 407 of #CutTheClutter where Shekhar Gupta explains why the government should move out of India’s banking system.

Public sector banks to clear pending vigilance cases against officials: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman also says no Merchant Discount Rate charges will be applicable to select modes of payment from 1 January.

Does India need PSU banks, asks Subbarao, UAPA Bill ‘recipe for abuses’ says Gautam Bhatia

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

Public sector banks set to ‘fly’, but rupee loses strength

The best cartoons of the day, chosen by the editors at ThePrint.

Merger of banks raises more questions than solutions it offers India’s slowing economy

Consolidation of banks reduces competition, raises fears of cartelisation on interest rates and reduces the hope of privatisation.

50 yrs of nationalisation: Is Modi govt worsening PSU banks’ problems or resolving them?

Fifty years ago, on 19 July 1969, the Indira Gandhi government had nationalised 14 banks. Even today, PSUs control a substantial percentage of the deposits.

Banks Board Bureau, Modi govt’s answer to woes of PSU banks, is yet to start delivering

Since 2016, PSBs’ performance has only gone downhill despite Banks Board Bureau’s mandate to reinvent them for greater efficiency, among others.

To address bad loans, govt asks RBI to identify public sector banks that can be merged

Govt has also asked RBI to suggest a time frame for the consolidation to create better-capitalised lenders and improve regulatory oversight.

Govt set to infuse about Rs 2,000 crore into Punjab National Bank by next week

PNB will issue preferential shares to the government to raise the capital to meet interest obligations on perpetual bonds.

Is Modi govt being reasonable or reckless in using LIC to back its ailing public sector?

Experts weigh in on LIC's active participation in the disinvestment exercise of the government to rescue its struggling public sector companies.

On Camera

YourTurn

Representational image | Photo: Dhiraj Singh | Bloomberg

Indian law needs to account for women, make finance inclusive

Indian women face multiple barriers in accessing finance in an equitable manner. Research suggests adding a gender lens to existing laws and financial products is crucial.
Vehicles at a petrol pump station in Bengaluru, on 4 March 2021 | Photo: Dhiraj Singh | Bloomberg

Heatwave sends Indians into air-conditioned cars for relief, petrol sales soar

Petrol sales have gone up 14% during 1-15 May from the corresponding period in April, a considerable amount especially in comparison to other fuels.

Defence

By special arrangement

Desi defence start-up helps Army go off decades-long dependence on imported cold-weather gear

While AROO does research on the product, manufacturing is handled by another company with which it has a tie-up. The first set of AROO gear was delivered in second half of 2021.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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