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.
indian banking sector
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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.
‘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.
Had guts to direct RBI to act on NPAs: Piyush Goyal
Interim finance minister Piyush Goyal says the current government’s efforts towards tackling bad loans have paid off.
Expect ₹1.8 lakh crore NPA recovery this year: govt
Finance minister Arun Jaitley says the government is committed to aiding and recapitalising PSU banks
Rana Kapoor’s exit: What it means for banks
Yes Bank’s Kapoor is the latest to join the list of top bankers who will be vacating their posts after the RBI gave him four more months in office. What does this mean for the bank and the sector?
YES Bank: Rana Kapoor to step down in four months
The RBI has extended YES Bank MD and CEO Rana Kapoor’s term only till January 2019.
Turnaround for Indian banks likely in FY20: S&P
More realistic NPA recognitions, rebounding corporate profits, and quicker NPA resolution under the IBC will help banks recover from a protracted bad-debt cycle, according to the ratings major.
