State-owned Punjab National Bank (PNB) on Tuesday said it has received approval from stock exchanges for trading of over 266 crore shares post amalgamation with two other PSBs
IL&FS default to have effect on short-term liquidity; situation may result in higher interest rates for SMEs
The higher lending cost will inflate prices of goods and services which will, in turn, out to be negative for the economy in the long run.
Previously, the rupee had dropped 2.4 percent or 148 paise in a single day in August 2013.
Higher oil prices key risk to growth; government's PSB recapitalisation package not sufficient: Moody's
Higher crude price is a key risk to India's growth, but subsidy reform in petrol and diesel has diminished the risk to sovereign credit profile, Moody's said
PNB has recovered around Rs 5,600 crore in the first two months of the ongoing fiscal.
Not a word on how this will be achieved was there in the minister’s reply, other than the usual reference to generic steps taken in the past on routes, better fleet utilistion etc
Forget Parliament outrage, both Congress and BJP are responsible for delay in bringing Mallya to book
The immediate logical question is why it took so much time for the country’s top politicians to realise the gravity of the bad loan problem faced by Indian banks and the tactics played by crony promoters like Mallya, who have taken the banking system for a ride?
Even though it might cause pain in the immediate future, it’s good that banks are forthcoming in recognising bad loans, since this can help addressing the hidden rot in their books.
Do loss making Indian airlines need a bailout package?