OECD urges India to cut stake in banks, insurance firms
Despite the reduction in non-performing loans and the creation of a 'bad bank', resolution procedures remain slow, says OECD
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India's bank operating environment boosted as economic risks recede: Fitch
Bad bank that was incorporated in July 2021 has not played a meaningful role so far, says Fitch
Next 25 yrs to be crucial for India; youth, poor top priority: Sitharaman
FM Sitharaman says ‘India Reset’ has been initiated through tech adoption, not just in software industries but via distribution of common services to citizens as well
Let ARCs shoulder NPAs, banks focus on credit creation
The ARCs, the quintessential bad banks, can help the commercial banks focus on underwriting good loans, supporting GDP growth.
Govt guarantee to bad bank SRs a blind gambit
The new guarantee to all Security Receipt holders that in the event of a shortfall it is the government who will step in and pay from the public exchequer is a problematic development.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
How ARCs are solving India’s NPA crisis
Asset reconstruction companies (ARCs) were set up in India to solve the NPA problem. India's 29 ARCs are a reflection of the success of the ecosystem in alleviating the stressed asset challenges.
Budget proposes cleansing mechanism for PSBs
Apart from recapitalisation, public sector banks get a shot in the arm in the form of ARC and AMC mechanisms to clean up their books.
