One of the side benefits of expanding the radio taxi business is that they may ultimately succeed in taking more private cars off the road. The economics is now moving against private car ownership.
State-run banks, in particular, are already in a dangerous position on account of three major issues — shortage of capital, lack of autonomy and the huge level of stressed assets
Adequate recapitalisation of banks, coupled with a pick-up in public investments, can get the economy back on the growth trajectory. At least, that is what the Mint road seems to believe
The UPA's worst legacy was to leave behind a limping banking system that will be unable to finance growth. Jaitley is moving too slow to fix what's broken.
The first step to take customers out to the paperless world of transacting is by encouraging ATM use in the initial stage. For this, banks should make ATM transactions free
Government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.
The government has already started assessment of capital requirement of public sector banks
E-wallets are already growing fast, and when payment banks enter the picture, public sector banks will find customers moving their low-cost deposits elsewhere. They are going to face further dents to their profitability.
Does this government have the courage to embrace such a radical reform step?
It is high time judiciary exercised a bit more caution while dealing with cases like Kingfisher Airlines
Equity conversion may not do much help in actual recovery of money unless banks manage to pull off a quick sale of the distressed assets
The measure was part of a set of guidelines announced by the RBI on Monday on the SDR scheme, which provides a more flexible process for lenders to recover bad loans.
It is high time the government separated politics and economics of the agriculture sector and stopped fixing annual farm-loan targets for banks
Instead of pushing for merger with associates, SBI should use this window of opportunity to divest stake in subsidiaries
Nine large Indian bans have NIMs above 3 percent while US banks' average stands around 2.95 percent
It is important at this stage to make lendable capital available for banks to resume the credit expansion and, thus, rejuvenate the economic growth
There are three areas, where economists have raised concerns, despite GDP numbers suggesting that India is now the world's fastest growing economy.
The industry numbers released by microfinance institutions network (Mfin), an industry body of micro lenders, for the fiscal year 2015 indicate a very sharp pick up in the number and quantum of loans.
In the wage revision exercise, 11 employees unions and officers associations participated
More than being an individual case, banks' approach to Kingfisher and its disgraced King should set a strong example for other wily promoters
Forbes India-BMR Advisors survey of India Inc shows most feel govt is pro-development
The reason for a change to waning investor sentiments from the days of euphoria is absence of much-needed structural reforms in the economy
When contacted, a senior official of the postal department too denied any connection with the website/blog
Jaitley's strategy for the banking sector was flawed from the beginning
Banks are unlikely to go for one more round of rate cut in the near future given the stress on their interest margins
BoB is an encouraging signal
The banking system should have been given the breathing space to properly implement the schemes
Until this point, the script for state-run banks is not that different from what was seen in the recent quarters
If left unchecked, wilful defaulters can take the Mallya’s route and drag lenders to court rooms to delay action