Decoding the Budget 2020-21 arithmetic
Why the government may fail to meet its fiscal deficit target of 3.5% in FY 21
finance
February 2020
January 2020
FM allocates ₹99,300 crore for education sector
The government will also take steps to enable sourcing from external commercial borrowings and foreign direct investment in the sector to be able to deliver quality education.
SBI’s profit jumps 41% in Q3
The country’s largest public sector lender reported its highest-ever quarterly profit of ₹5,583 crore in the December quarter, led by an overall improvement in asset quality.
Managing the fiscal deficit
With growth sputtering and revenue collections falling, managing the fiscal deficit could be the government’s biggest challenge.
Three large PSU banks get new heads
Bank of Baroda, Bank of India, and Canara Bank have finally got new MD and CEOs.
HDFC Bank to finalise Puri’s successor by July
HDFC Bank informed analysts in a management call that it had shortlisted global and internal candidates to take over from managing director Aditya Puri whose tenure ends in October.
Bandhan Bank’s Q3 net rises more than twofold
Net profit for the quarter ended December 2019 increased to ₹731 crore from ₹331 crore in the corresponding period of the previous year.
RBI announces second round of Operation Twist
The central bank announced a second special open market operation for ₹10,000 crore on December 30. The RBI will simultaneously buy and sell government bonds to lower long-term bond yields.
Troubles mount for embattled lender YES Bank
YES Bank’s audit committee chairman Uttam Prakash Agarwal resigned as independent director citing deteriorating corporate governance standards at the private lender.
YES Bank rejects Erwin Braich’s $1.2-bn offer
The lender hopes to raise the fund through a mix of debt and equity. YES Bank board to discuss Citax Holdings’ $500-million proposal at next meeting.
