Banking on size, technology, and efficiency
By merging 10 PSBs into four large banks, the Finance Minister wants to push growth through credit offtake and pave the way for a $5 trillion economy.
public sector banks
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Short-term relief for NBFCs
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
New scam at PNB will delay return to profits
A ₹3,800 crore fraud will demand more provisioning in the current year, and PNB may require further capital from the government if it needs to grow its business.
Decoding disinvestments
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.
Coming up next, India’s third-largest bank
Government proposes merger of Bank of Baroda, Vijaya Bank and Dena Bank. Experts divided on whether the move will help the troubled public sector lenders.
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?
LIC-IDBI Bank deal: mistake or strategy?
LIC’s decision to buy a majority stake in IDBI Bank has set off a debate among experts on using policyholders’ money to bail out PSU banks.
Wilful defaults: the financial underbelly of the banking system
Only four economies globally have higher NPAs than India. These are Portugal, Italy, Ireland, and Greece.
RBI rings alarm bells on public sector banks
The Reserve Bank of India’s latest financial stability report says the banking sector continues to remain stressed.
