Banking and finance sector Budget 2020
This sector has an important role in reinvigorating the sagging economy. The Budget speech of the Finance Minister will contain roadmap for the reforms in the sector. The upcoming Budget would also provide direction to the consolidation journey in the public sector banking space, started last year by effecting first three-way merger. The Union budget for 2019-20 is likely to spell out roadmap for banking reforms, including consolidation of the state-owned lenders, with a view to enable the sector to play a pivotal role in pushing India towards $5 trillion economy. The maiden three-way amalgamation is the first step in the consolidation of the public sector banking industry, recommended in 1991 by the Narasimham Committee report. Through this merger, the government has created an institution of global scale and size, thereby providing significant benefit to all stakeholders.
Showing of 0 - 10 from 8 results
Banking And Finance Sector - Total results - 8
Feb 01, 2020
IDBI shares zoom 18% after Finance Minister Nirmala Sitharaman announces sale of balance govt holdingThe government's balance holding in IDBI bank will be sold to private retail investors.
Jan 22, 2020
Budget 2020: NBFCs offering gold loans can meet part of unmet credit demand, boost growth; here's howGold loans provided by NBFCs should get equal and fair treatment at par with the banks
Jan 21, 2020
Budget 2020: Banking sector is feeling the heat of economic slowdown; can Nirmala Sitharaman clear the mess?In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.
Jan 10, 2020
Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sectorIn a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.
Dec 30, 2019
In 2020, muted credit growth, not bad loans, will be banks’ main concern; a lot will depend on early economic reboundIn the first seven months of the current financial year, the credit growth to large industries contracted by 3.4 percent as against a growth of 0.2 percent in the year-ago period.
Dec 24, 2019
Banks' asset quality improves as NPAs remain stable at 9.1% as of September: RBI reportAs the bad loan recognition process nears completion, the health of the banking system has improved with the gross non-performing loan ratio remaining stable at 9.1 percent as of September-end, the same level as in FY19, according to the RBI
Dec 17, 2019
Financial sector firms pitch for tax break, GST reduction at pre-Budget meeting with Nirmala SitharamanFinancial sector players on Monday demanded reduction of GST on term insurance for increasing its penetration and streamlining KYC norms to expand financial inclusion
Jan 25, 2017
Banks around the world are increasingly relying on AI to drive their business; here's whyMachine Learning, Deep Learning, NLP Platforms, Predictive APIs and Image and Speech Recognition are some core AI technologies used in BFSI today