Friday, 20 May, 2022
TopicPublic Sector Banks

Topic: Public Sector Banks

Just when they need leadership, public sector banks are headless

Spiraling bad loans and an intensified crackdown on corruption in the financial sector have made the job less appealing than ever.

Public sector banks have a lot to do with India’s banking crisis

The disproportionate concentration of bad loans in the government owned banking system has a major role to play in the crisis that India is presently facing. 

Body headed by Vinod Rai says govt rejected suggestions for reforms in public sector banks

Calling for greater dialogue with the finance ministry, Bank Boards Bureau says it is merely functioning as an appointment board.

India considers barring 91 loan defaulters from leaving the country

The individuals are owners/directors of companies which have been identified as 'wilful defaulters'. About 400 companies have been identified as such.

Rescuing public banks could be very costly. The Modi govt must reduce its stake in them

The one sector where there is still a sense of crisis is banking, but the government has regrettably set its face against privatisation.

30 public sector and co-op banks are susceptible to PNB-like fraud

Despite RBI warnings about the risks of the SWIFT messaging system, these banks have not linked it to their core banking systems.

TalkPoint: Is it impossible to fix India’s disastrous PSU banks?

Experts weigh in on the astounding 11,000 crore fraud in Punjab National Bank and how it reflects on the state of public sector banks in India.

On Camera

YourTurn

Representative image of an ethanol-blended fuel station plug | Wikimedia Commons

Ethanol blended fuel to power vehicles. Will it hurt your car’s engine?

India’s reliance on ethanol blended fuel is only set to increase in the wake of rising crude oil prices. But are we going to adapt in time?
A shopkeeper arranges stock at a grocery store in Bengaluru | Representational image | Bloomberg Photo

Inflation raised monthly expenses of 92% Indian families in last 3 months, finds online survey

A LocalCircles poll found that 70% of respondents felt their monthly household budget increased by 10% while 55% expected expenses to go up by another 10% in the next 3 months.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

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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