Finance News - Page 3
What Indradhanush missed: Govt's revival plan for public banks should address NPA woes
The government should act on these three points if banks’ NPA problems need to be addressed effectively.
No more, says Finance Ministry after hiring private professionals to head two public banks
Having appointed private sector professionals to head two large public sector banks (PSBs), the Finance Ministry said further such hiring of CEO and managing directors in banks would be from existing public sector talent pool.
SBI April-June earnings: Fresh slippages will continue as economy continues to struggle
The June quarter earnings announced by other state-run banks too indicate continuing stress on the asset quality front
Dr Rajan, it's time for the RBI itself to buy gold - as Subbarao did in 2009
The fall in global gold prices is an opportunity for the RBI to buy gold for its reserves. The same logic that applied in 2009, when it bought gold from the IMF, applies now.
Banks see a rise in delayed payments: Another big NPA shocker may be in the making
Banks are in a difficult position due to their state of asset quality and poor economic conditions; it will be better to show NPAs as NPAs as early as possible and come clean
What new debt recast numbers reveal: No more free lunch to crony promoters
The reduction in June CDR numbers no way indicates that the underlying stress in the books of banks have eased miraculously
Rajan's message to banks: For small borrowers to benefit, cut rates deeper
Rajan's message in RBI policy: For small borrowers to benefit, banks should cut rates deeper
PSBs to get Rs 70000 cr: A good start, but Jaitley should move to plug the leaking pot
The Rs70,000 crore infusion certainly offers a breathing space for PSBs to clean up their balance sheets
ICICI may be facing asset quality headwinds; Ambit flags off risky exposure to single company
ICICI Bank has an exposure of Rs 5,780 crore to debt-ridden infrastructure firm, J P Associates
Surging bad loans: Govt is worsening the problem by delaying public bank funding
The survival of state-run banks in the long-term is inevitably linked to the government’s willingness to cut stake in public banks and letting these banks raise capital
Hidden NPAs bigger threat than declared ones; kudos to Rajan for calling a spade a spade
The practice of covering up bad loans has come down after Rajan took away the leeway to push bad loans into restructured basket. Banks are now more cautious
HDFC Bank earnings: What public banks (and Jaitley) should learn from private peers
It would be useful for the government to plug the holes while doing it math on bank recapitalization, so that the taxpayers’ money is spent wisely
With drought looming, political pressure builds up on banks to raise farm lending
Distressed farmers indeed need support, but repeatedly pushing banks to meet farm credit targets, without assessing the risk, is a perfect recipe to create a farm loan bubble.
O P Bhatt, former SBI chairman, sees merit in de-linking subsidiaries from parent
the bank is unlikely to face any major opposition from such an exercise from employee unions since unions themselves have demanded total de-linking of the arms
Bandhan Bank plans IPO in 2018, appoints Ashok Kumar Lahiri as chairman
The Bandhan Bank board has been drawn from experienced bankers like former chairmen of PSU banks
Calm down, a failed monsoon wouldn’t really break the back of rural India now
India’s changing rural landscape warrants a reworking of policies related to resource allocation to the sector
Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks
Jaitley should hurry on legislating a bankruptcy law; it is critical for the recovery of bank loans in many similar cases
How Uber, Ola and Meru are changing economics of private car ownership
One of the side benefits of expanding the radio taxi business is that they may ultimately succeed in taking more private cars off the road. The economics is now moving against private car ownership.
RBI financial stability report: An infra-bomb is ticking in state-run banks’ books
State-run banks, in particular, are already in a dangerous position on account of three major issues — shortage of capital, lack of autonomy and the huge level of stressed assets
Jaitley's optimism vs RBI's caution: Why FM should read rate panel's minutes closely
Adequate recapitalisation of banks, coupled with a pick-up in public investments, can get the economy back on the growth trajectory. At least, that is what the Mint road seems to believe
UPA left the banking system toxic, and Jaitley's moving too slowly to fix it
The UPA's worst legacy was to leave behind a limping banking system that will be unable to finance growth. Jaitley is moving too slow to fix what's broken.
Here's why tax benefits for e-payments in curbing illegal cash is a clear winner
The first step to take customers out to the paperless world of transacting is by encouraging ATM use in the initial stage. For this, banks should make ATM transactions free
Now plastic route to plug black money: Govt mulls tax benefits for card payments, cash wallets
Government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.
Big boost for public banks as govt plans to infuse Rs 57,000 cr in 2 years
The government has already started assessment of capital requirement of public sector banks
Mr FM, if PSU banks don't move their butts, payment banks will steal their lunch
E-wallets are already growing fast, and when payment banks enter the picture, public sector banks will find customers moving their low-cost deposits elsewhere. They are going to face further dents to their profitability.