Banks recover more than Rs 5 lakh cr bad loans: PM
Modi also urged banks to support start-ups and rural areas and step up fintech initiatives.
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Centre to clip banks' wings amid alert over deep haircuts in insolvency
MCA to soon begin deliberations with RBI, finmin on IBBI recommendations to bring in a code of conduct
Did RBI drag its feet on $4-bn SREI crisis?
Debate heats up as the central bank sends SREI companies to insolvency, supercedes board
20% NPA in Mudra loans: SBI chairman
The stress in the economy—on the back of the second Covid wave—is showing up on the Mudra and MSME portfolios of the SBI.
SBI to park ₹20,000 crore NPAs in bad bank
The country’s biggest lender will transfer the accounts in phases by the end of FY22.
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.
RBI announces steps to fight second wave of Covid-19
The central bank unveils liquidity facility of ₹50,000 crore for access to emergency health services, and ₹10,000 crore for small finance banks’ on-lending, among a slew of measures to fight Covid-19.
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
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.
