Rajnish Kumar says with economy slowing down, credit growth will decelerate, and adds that only 15-20% of SBI’s borrowers have availed of RBI’s loan moratorium.
Processes vary from bank to bank with some asking customers to write to them to avail the moratorium, while others asking borrowers to inform them to opt out.
Private sector banks were once considered to be more accountable with stringent regulatory practices in place. Yes Bank crisis has undermined these assumptions.
SBI has been helped by the resolution of some large bad loan accounts, such as Essar Steel India Ltd, but future profit may be constrained by slowing economy.
A staff-led bid is rare though not without precedent. Pilots of the airline have so far secured a commitment of about $430 million from external investors.
State Bank of India Ltd., the lead creditor of Jet Airways, issued a document on Monday, inviting bidders with a net worth of at least Rs. 10 billion, to submit their interest by April 10.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
This interview proves, if any proof is needed, that there is absolutely no co-relation between the low interest regime and economic recovery. Demand will spurt production which will lead to expansion of economy. Raise the interest rate – put more money in the hands of depositors who will spend and create that demand that India needs.
a k pattabiraman, Chennai
Why is any positive news moderated with a but, while a negative news is always butressed with an and ? I would like to hear on this from this author and the Print boss . Us it that the readers crave for news of failures or the journalist wants to appear scholarly and critical ?
This interview proves, if any proof is needed, that there is absolutely no co-relation between the low interest regime and economic recovery. Demand will spurt production which will lead to expansion of economy. Raise the interest rate – put more money in the hands of depositors who will spend and create that demand that India needs.
a k pattabiraman, Chennai
Why is any positive news moderated with a but, while a negative news is always butressed with an and ? I would like to hear on this from this author and the Print boss . Us it that the readers crave for news of failures or the journalist wants to appear scholarly and critical ?