Banking, financial stocks zoom up to 21% after RBI's liquidity-boosting measures; Axis Bank surges over 13%
In his second televised address since the nationwide lockdown began from 25 March, RBI Governor Shaktikanta Das pledged to boost liquidity and expand bank credit.
RBI measures to boost liquidity, incentivise banks to lend more to revive economy: Nirmala Sitharaman
In order to increase credit to farmers, MSMEs and housing sector, RBI announced a special refinance facility totalling Rs 50,000 crore for NABARD, SIDBI and the National Housing Bank, she said.
Indian banks to appeal for relief on bad loans amid coronavirus concerns; lenders witness signs of loan repayment delay from small businesses
As fear grips the nation amid health concerns, Indian banks - already burdened with some $140 billion in bad loans - worry their balance sheets could be hit further as businesses grind to a standstill.
Nirmala Sitharaman to meet CEOs of state-owned banks tomorrow; to review financial performance of lenders, business growth
Given the importance of the banking sector in generating demand and boosting consumption, sources said Nirmala Sitharaman's meeting with the MD and CEOs of PSBs ahead of the Budget 2020-21 is considered important.
What to expect from September quarter GDP data, Mudra loans turn NPAs; read this and more on Moneycontrol Pro
Ahead of the September quarter data release, economists seem to be engaged in a game of competitive devaluation of the GDP growth estimate, putting it between 4.2 and 4.7%, at constant prices.
SBI reports Rs 838 cr net profit in March quarter as bad loans decline to 3%; income rises 11% to Rs 75,670 cr
For the full year 2018-19, SBIreported a consolidated net profit of Rs 3,069.07 crore. While there was a loss of Rs 4,187.41 crore in the entire 2017-18.
NPA issue: Will RBI's 12 February circular help expedite bad loan recovery? Signs indicate it is on right path
This smorgasbord of schemes didn’t even dent the NPA problem. The mountain just kept piling up until it reached 11 percent of total bank assets.
Finance minister Piyush Goyal to meet heads of PSBs next week to discuss credit offtake, bad loan position of lenders
Goyal is scheduled to meet chiefs of the state-owned banks on Monday to review the financial performance of the banks
Vijaya Bank third quarter net profit surges 80% to Rs 143 cr; gross NPAs decline marginally to 6.14%
Total income of Vijaya Bank also rose to Rs 4,106.42 crore during the period, compared with Rs 3,450.81 crore a year ago, Vijaya Bank said in a regulatory filing.
Rural distress: Loan waiver is no panacea; govt should dilute monopoly of APMCs for marketing of agricultural produce
Statutorily imposed marketing rigidities in agricultural commodities and other farm produce erect another impediment in the growth of rural sectors
Silver linings lurk in Diwali mood for India's economy if we look beyond Chinese imports, wavering investments and bad loans
Smartphones, the most visible symbol of "Digital India's" ambitious expansion, are increasingly Chinese.
The 'wise owl' of Mint Street: RBI governor Urjit Patel is firmly in saddle on regulations of banks, say analysts
In case of Patel, the RBI has also been working alongside the government on various fronts including the ambitious goals like doubling farmers' income, boost to digital payments and providing easier funding to MSMEs
He also said NPAs rose because bankers don't approach a borrower with the mind of a CBI/ED sleuth, but with trust.
Why Narendra Modi’s assurance, that he isn’t scared to be seen with industrialists, matters to economy
It is important that large businesses are taken into confidence and Narendra Modi has done just the right thing to speak in favour of businesses
Project Sashakt: Banks finalise inter-creditor agreement to fast track non-performing asset resolution
The agreement, a part of Project Sashakt, will be taken to boards of respective banks and would be cleared in a couple of days, said PNB non-executive chairman Sunil Mehta
'Settlement initiatives date back to 2016,' says Vijay Mallya after MJ Akbar's claim that liquor baron had years to repay debts
Akbar said if Mallya wanted to repay his bank dues, he had many years to do so.
PSBs losses in FY18 wiped out govt's $13-billion capital infusion, situation unlikely to improve in current fiscal: Fitch
Losses by state-run banks have almost entirely wiped out $13-billion capital infusion by govt, and situation is unlikely to improve in current fiscal year
Economic Survey gives thumbs-up to bankruptcy code; calls it an effective tool to address NPA problem
The new Insolvency and Bankruptcy Code (IBC) has provided a resolution framework that will help corporates clean up their balance sheets and reduce debts.
PSB recapitalisation: Narendra Modi govt’s move can keep zombie banks alive for now, but rot runs deep
The problem runs lot deeper and even several rounds of capital infusion cannot come as a panacea to cure the ills of state-run banks unless fundamental flaws are addressed
Reserve Bank India (RBI) has said gross non-performing assets in the system shot up to 10.2 percent as of the September quarter, primarily led by private sector lenders, and has warned that the situation will only aggravate from there, "elevating" the systemic risks