Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
credit growth
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Finance minister holds review meeting with bankers
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
Competition for deposits to intensify in banking
Credit growth outpaces deposit growth—an indication of rising competition, says Ind-Ra; five PSBs exiting RBI’s Prompt Corrective Action framework will add fuel to it as they will look for growth
‘Banks need ₹20 lakh cr in fresh deposits to meet credit demand’
A report by CRISIL says an uptick in credit demand in FY19-FY20 will require banks to raise funds through fresh deposits.
PNB falls over 7% after reporting Rs 940 crore loss in Q1
The loss was much lower than Rs 2,418 crore, the figure estimated by a Reuters poll.
India Inc’s credit crunch
A spate of banking frauds, arrests of the top management at some banks and mounting bad loans have led to drying up of debt from financial system. So who will fund India’s growth story?
Bad loans continue to haunt PSU banks
Cleaning up bad loans has wreaked havoc with the balance sheets of PSU banks.
