Banking Sector Reforms

Banking Sector Reforms News

IMF suggests 3 steps to India to sustain high growth rate; expects economic recovery to continue
Business

IMF suggests 3 steps to India to sustain high growth rate; expects economic recovery to continue

IMF said India should continue fiscal consolidation and lower elevated public debt levels supported by simplifying and streamlining the GST structure,

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

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.

Root cause of NPAs is mega PSB loans: With funds distributed in dollops, reforms to sanctions will bode well for the sector
Business

Root cause of NPAs is mega PSB loans: With funds distributed in dollops, reforms to sanctions will bode well for the sector

Bank loans are not meant for big ticket borrowers and the government should shut the PSB doors to loans to big industrial houses.

IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19
Business

IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19

The IMF Board is tentatively scheduled to meet on 18 July for its annual India meeting.

Budget 2018: Free medical care, rural sops; Jaitley gives a Modi package for 2019 sans a reformist touch
Business

Budget 2018: Free medical care, rural sops; Jaitley gives a Modi package for 2019 sans a reformist touch

The Budget focused primarily on rural India but failed to offer a blueprint that one could use to describe this government’s last full Budget as reformist one.

Modi's one year: Arun Jaitley's all-is-well rant conveniently misses unpleasant part
Business

Modi's one year: Arun Jaitley's all-is-well rant conveniently misses unpleasant part

The reason for a change to waning investor sentiments from the days of euphoria is absence of much-needed structural reforms in the economy