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Banks to be armed better to resolve stressed assets: Arun Jaitley

Sep 28, 2016

Banks to be armed better to resolve stressed assets: Arun Jaitley

While addressing the SBI Economic Conclave, he said, "unlike the private sector bankers the state-run banks are constrained by being public servants and the present laws on corruption (PCA of 1988) makes them wary of settling issues purely on commercial considerations". #Rajya Sabha #Arun Jaitley #Prevention of Corruption Act #Cabinet #public sector banks #parliament #Standing Committee #Reserve Bank #Public Servants #PCA #SBI Economic Conclave #The Prevention of Corruption (Amendment) Bill
Govt may pay Rs 34,600 cr as arrears in August salary: India Ratings

Aug 17, 2016

Govt may pay Rs 34,600 cr as arrears in August salary: India Ratings

Out of the Rs 1.02 lakh crore gross impact of the 7th Pay Commission on the exchequer, the Budget has made a provision to the extent of Rs 93,325 crore #Reserve Bank #India Ratings #7th Pay Commission #Arrears #August salary
State-run banks' growth rate to remain at a low 9% for next 3 years

Jul 14, 2016

State-run banks' growth rate to remain at a low 9% for next 3 years

The report estimates the value of non-core assets of public sector banks at Rs 19,500 crore. #Reserve Bank #Basel III #Non-core assets #India Ratings #PSBs #stressed accounts
Fitch cutsbanking outlook to negative from stable on bad loan woes, weak earnings

Jul 05, 2016

Fitch cutsbanking outlook to negative from stable on bad loan woes, weak earnings

The agency has affirmed long-term ratings of nine banks, including State Bank of India, Bank of Baroda and its New Zealand arm, Punjab National Bank, Canara Bank, IDBI Bank, ICICI Bank and Axis Bank, at 'BBB-' #corporate earnings #NPAs #Fitch #bad loans #Reserve Bank #Banking sector #NPL
Subramanian Swamy loses round one against Jaitley, gets rap on knuckles from PM Modi

Jun 27, 2016

Subramanian Swamy loses round one against Jaitley, gets rap on knuckles from PM Modi

The PM's message to Subramanian Swamy was as stern as it could get, at least publicly. He also strongly defended Raghuram Rajan, rejecting Swamy's contention. #BJP #Narendra Modi #PoliticsDecoder #Subramanian Swamy #Arun Jaitley #Raghuram Rajan #Reserve Bank #Amit Shah
Raghuram Rajan to exit as RBI Governor: No country for good men

Jun 18, 2016

Raghuram Rajan to exit as RBI Governor: No country for good men

India will have to get a new RBI Governor from 4 September, when Rajan will return to Chicago University to resume as a tenured professor #Crony capitalism #Subramanian Swamy #InMyOpinion #Raghuram Rajan #Reserve Bank #state-owned banks #Chicago University
Don't want to overstate bad loan crisis, says Jaitley; Rajan cautions the country

Mar 12, 2016

Don't want to overstate bad loan crisis, says Jaitley; Rajan cautions the country

Amid outrage over Vijay Mallya's massive default on loans, Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan on Saturday cautioned against overstating the bad loans crisis in the banking system lest it hampers the entire lending operations and growth. #NewsTracker #Arun Jaitley #Vijay Mallya #Raghuram Rajan #NPAs #Reserve Bank #Rajan #PSBs #bad loans crisis
Moody's sees March quarter GDP slowing to 7.2 percent on weak global demand

May 28, 2015

Moody's sees March quarter GDP slowing to 7.2 percent on weak global demand

Lower production and weak global demand to temper growth output #Economy #GDP #Commodity #Moody's #Reserve Bank
Credit conditions to strengthen with growth, reforms: Moody's

May 11, 2015

Credit conditions to strengthen with growth, reforms: Moody's

The retrenchment in global commodity prices should translate into lower operating costs for sectors such as automotives, manufacturing, infrastructure and power. #Credit #NewsTracker #Moody's #Repo rate #Reserve Bank #Coal Mines Special Provisions Bill #Mines and Minerals Development and Regulation Bill
Closely monitoring price situation, taking steps controlling inflation: Sitharaman

Aug 01, 2014

Closely monitoring price situation, taking steps controlling inflation: Sitharaman

As per the latest WPI data, inflation in 31 essential commodities has moderated to 6.05 percent in June as against 9.27 percent in the same month last year. #Inflation #Economy #Lok Sabha #TheySaidIt #Nirmala Sitharaman #Reserve Bank #Agricultural Produce Marketing Committee Acts