Banking Reforms

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

With 32% NPAs on its books, IDBI Bank is now the bad loan King in India: Ring a bell, dear LIC policyholder?

IDBI Bank is the target bank Life Insurance Corportation (LIC) is in the process of acquiring using policyholders’ hard-earned money.

India fastest growing economy in Asia; on track to meet FY18 target of 7.3%, accelerate to 7.6% in FY19: ADB

Led by India, South Asia will continue to be the fastest growing economic area despite new trade tensions in Asia and Pacific region, Asian Development Bank (ADB) said in a new report today.

IMF lowers growth rate for India to 7.3% in 2018, 7.5% in 2019, but it still retains world's top spot

India continues to outperform China, IMF's WEO update figures reflect. Growth in China is projected to moderate from 6.9 percent in 2017 to 6.6 percent in 2018 and 6.4 percent in 2019, as regulatory tightening of the financial sector takes hold and external demand softens, the report said.

Bad loans mess: Forensic audits at PSBs are a good start, but structural reforms are the need of the hour

Forensic audits of PSB loan accounts will be useful only if learnings are used to frame better policies and implement substantial structural reforms.

Look beyond bank recapitalisation: Budget announcements may help speed up bad loan hive-offs for PSBs

Banking reforms may be a slower process, but the monkeys of bad loans may be off the back of public sector banks sooner than we think.

For both critics and fans, 2017 belonged to Narendra Modi; will Gujarat slow down his reform juggernaut in 2018?

Narendra Modi govt is facing a difficult task in shaping the budget this year on account of less than expected revenue collections from GST

Govt to push ahead with banking reforms in new year; to infuse fresh capital in PSBs

"Reform agenda is the highest priority which has to be implemented along with capitalisation. A whole lot of reforms will come so that genuine borrowers don't suffer and get hassle-free, need based credit," Financial Services Secretary Rajiv Kumar said.

Narendra Modi's Gujarat speech: If bank nationalisation was Indira’s drama, he has a chance to undo it

Narendra Modi's claim on bank nationalisation is not entirely correct. It has indeed helped improve access to formal banking to the poor in far flung areas

UP win can push reforms but Modi should first shed his fear of 'suit boot ki sarkar' jibe

Most of these pending reforms are likely to take a backseat if Rahul's suit-boot-ki-sarkar jibe continues to play at the back of Modi's mind