Page 23 - Stability Report News Today

Grooming PSBs The Centre needs to tone up governance of public sector banks, before privatising them The Budget announcement on the proposed privatisation of two public sector banks has drawn polarised reactions. Bidding up the Nifty PSU Bank index by over 30 per cent since the Budget, the stock market seems to believe that privatisation is a magic pill to address performance woes at PSBs (public sector banks). The All India Bank Employees’ Union, pointing to recent failures at YES Bank and...

How to make India’s bad bank workable Many lenders have accumulated a large volume of stressed assets over the years. The NPA problem needs an urgent fix.Premium 9 min read Ananth Narayan Past experiments have failed because of design issues. Malaysia’s ‘Danaharta’ shows a viable way ahead If stressed loans are transferred at too low a value, the recovery might deliver supernormal profits to buyers. This could be especially problematic if the buyers are in the private sector Share Via R...

Rebooting Economy 68: How private wealth creators are serving Indian economy and people Private wealth creators are solely responsible for Indias banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages Prasanna Mohanty | February 21, 2021 | Updated 21:52 IST There is no evidence that private sector wealth creators are more efficient in running business, creating wealth or distributing wealth Political the...

Of the Rs 8 lakh crore, eight public sector banks reported majority of the pro forma gross NPAs at Rs 6 lakh crore followed by 14 private banks constituting the rest.

DUE to the prevalence of predatory activities online, teens are warned that their Interne...

Public sector banks merger: A half yearly review February 12, 2021, 6:39 PM IST Abhishek Sikdar graduated in Economics from St Xaviers College under Calcutta University and post-graduation from Delhi School of Economics. He has worked in several leading business newspapers. During his service career, he had written numerous reports, conducted meetings with global economic consultants and international fund managers and imparted training programs to Sales Teams. LESS... MORE I...

Rebooting Economy 66: Is India facing credit deprivation to warrant corporation banks? RBIs database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy Prasanna Mohanty | February 10, 2021 | Updated 18:39 IST What compromises the Indian economy further is Indias repeated failure to resolve stressed assets over the past few decades In November 2020, an internal working g...

Watch: Beyond the Hype, the Serious Concerns and Real Truth About the Budget In conversation with Jayati Ghosh, Indira Rajaraman, Rathin Roy, Jehangir Aziz and Naushad Forbes. Video04/Feb/2021 Five of India’s top economists, bankers and industrialists – Jayati Ghosh, Indira Rajaraman, Rathin Roy, Jehangir Aziz and Naushad Forbes – discussed important issues, concerns and problems related to 2021 Union Budget that earlier have not got the attention they ...

The crucial roadmap for the economy is missing The crucial roadmap for the economy is missing Annual Budgets are generally meant to present the blueprint of all activities the government plans to undertake in a fiscal, but the Union Budget for 2021-22 was being looked at as a once-in-a-lifetime opportunity that would serve as a roadmap for both the short-term and medium-term. One expected this Budget to to serve as a roadmap for our economy for the next 3-5 years, especially after the engines o...

The government on Monday allocated a higher share of the budget to capital expenditure than it has for over a decade, aiming to help push investments amid a pandemic slowdown. Around 15.91 per cent of the budget is for capital expenditure: it was 13.55 per cent last year. The calculations are based on budget estimates. Capital expenditure refers to money spent on the creation of assets for future use like roads and buildings for health facilities. Revenue expenditure includes things like inte...