Wednesday, 29 June, 2022
TopicSBI

Topic: SBI

Banks to push insolvent firms into liquidation if proposed bid prices are low

Anto Antony -
Proposed resolution plans must either bring value to the enterprise or a meaningful recovery for creditors, says Rajnish Kumar, chairman of State Bank of India, the country's largest lender.

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

Roshan Kishore, HT -
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. 

SBI gets electoral bond scheme moving, even as it is questioned in SC

Anubhuti Vishnoi -
The bank has asked the EC for details of parties eligible to receive funds. Finance ministry announces first issue of the scheme will be open from 1-10 March.

Staring into the hole

TN Ninan -
Loans given by banks during the boom years are torpedoing them, and we will all feel the ripple effects.
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Economy

File photo of Isha Ambani, daughter of billionaire Mukesh Ambani | Bloomberg

Mukesh Ambani’s daughter Isha Ambani to be named chair of Reliance retail

P. R. Sanjai -
Isha Ambani, the current director of Reliance Retail Ventures Ltd., is expected to be announced as the chair as early as Wednesday.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

Raghav Bikhchandani -
These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

National Interest

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Shekhar Gupta -
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.

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