Budget 2020: Will govt be brave enough to walk the extra mile, turn tables and spark a rebound in economic growth?
The Indian economy is going through a sustained slowdown with growth slowing for over five quarters now, marking this the longest slowdown in the country since liberalisation
Ahead of Budget 2020, Narendra Modi, Amit Shah meet economists, experts at NITI Aayog; discuss steps to revive growth
The meeting assumes importance as the government is in the process of formulating Budget proposals for 2020-21
Indian banks need $7 bn additional capital by 2020-21 to support loan growth, cover for bad loans: Fitch Ratings
Indian banks need an additional $7 billion (Rs 50,000 crore) equity by 2020-21 to support loan growth and cover for bad loans, Fitch Ratings said on Tuesday adding a slowing economy could exacerbate asset-quality tension for a sector grappling with weak recoveries and ageing provisions
Former RBI governor C Rangarajan on Friday suggested that recapitalisation of banks should be done through by infusing cash rather than issuing Bonds, as he cautioned that Boards of public sector undertakings, including banks, should maintain "arms length" from the Government
Banks to face capital shortfall of Rs 3.5 lakh cr in event of systemic crisis in NBFC sector: Fitch Ratings
Banks would face a capital shortfall of about $50 billion (about Rs 3.5 lakh crore) in the event of a systemic crisis in the non-banking financial company (NBFC) sector, according to a study by global rating agency Fitch
Union Budget 2019: Nirmala Sitharaman presents ‘no-change’ Budget; one mustn't read too much into numbers
The Budget speech had spoken of what all has been given in the interim Budget and not made any concession here. Therefore, there is nothing specific for households here.
The Bimal Jalan committee report, which is delayed, will lead to the transfer of under Rs 3 lakh crore of excess capital from the Reserve Bank to the government, which will most likely use the money for meeting regular expenses, says a report
As of December 2018, a total amount of Rs 51,513 crore has been infused into public sector banks
Govt decision to infuse Rs 41,000 crore capital into state-run banks will help them lower NPAs: Report
With this round, the overall capital infusion into state-run banks during FY15-FY19 stands at Rs 2.56 trillion.
The rural consumption thesis holds strong for the economy with over 50 percent contribution to India’s GDP and around 50 percent contribution towards consumption.
The recapitalisation will enhance the lending capacity of state-owned banks and help them come out of the RBI's Prompt Corrective Action (PCA) framework, Arun Jaitley said.
Govt seeks Parliament's nod for additional gross expenditure of Rs 85,949 cr, includes about half for PSBs recapitalisation
The government on Thursday sought Parliament's approval for additional gross expenditure of Rs 85,948.86 crore, about half of which is for capital infusion in public sector banks through recapitalisation bonds, during the current fiscal ending March 2019.
Sensex jumps over 300 points after appointment of Shaktikanta Das as new RBI governor; banking, auto, FMCG stocks in positive zone
Sensex was trading higher by 324.94 points, or 0.92 percent, at 35,474.95. All the sectoral indices, led by banking, auto, and consumer durables stocks were trading in the positive zone.
India should brace itself for slowdown for some time; agriculture, financial system under stress, says ex-CEA Arvind Subramanian
Speaking at the release of his book, Of Counsel: The Challenges of the Modi-Jaitley Economy, Arvind Subramanian said, both demonetisation and implementation of Goods and Services Tax (GST) have resulted in moderation of the economy
Arun Jaitley announces merger of Dena, Vijaya and Bank of Baroda; new entity to be country's third largest lender
Making announcement, Rajiv Kumar, Financial Services Secretary said: We have decided to merge Dena Bank, Vijaya Bank and Bank of Baroda. The merger of the three banks will make this the third largest bank of the country
Moody's Investors Service on Tuesday said the government's plan to provide more capital support to public sector banks in current fiscal will restore capital adequacy and improve loan-loss coverage at many loss-making banks, but stress will persist
Banks' bad loans mound declines for the first time in five quarters; the NPA mess explained in 7 charts
seven charts throw more light on the bad loans crisis that has engulfed the nation's banking sector.
LIC gets IRDAI nod for IDBI Bank buy: NPA-ridden lender gets a policy cover and the insurer, a risky bet
LIC is using the insurance premium it collected from customers to bailout IDBI Bank, and should the experiment go wrong, it will have to answer the customer first.