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5 years of Shaktikanta Das: How a humble Guv calmed a turbulent RBI

Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), faced a challenging role when he joined five years ago amidst a government-RBI conflict. Tasked with stabilising after his predecessors' - Raghuram Rajan and Urjit Patel - disputes with the government, Das aimed to restore confidence and stability to the RBI.

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In his tenure as vice prez, Naidu took keen interest in standing committees, promoted Indian languages

During his ternure as the Vice President of India M Venkaiah Naidu took a keen interest in the functioning of department related standing committees of the Rajya Sabha and also reviewed their functioning.

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tycoons, Schema-Root news

Cross-linked news, and information resources about tycoons

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Fixing the banking mess

ISSUE DATE: December 28, 2020
UPDATED: December 18, 2020 23:40 IST
Illustration by Nilanjan Das
India’s banking sector is frequently under the spotlight, and usually for unflattering reasons, from an insupportable pileup of loans gone bad (non-performing assets or NPAs in banking parlance) to outright fraud to cronyism or worse. The rot is endemic, has hit banks small and big, including some well-regarded names, and is by no means limited to the public sector. If government-owned banks like Punjab National Bank (PNB) and State Bank of India (SBI) have embarrassed themselves, names like YES Bank and ICICI Bank in the private sector have also made headlines for the wrong reasons. The list of banks of dubious honour is long, including, most recently, Lakshmi Vilas Bank (LV Bank), which the RBI (Reserve Bank of India) had to step in to bail out. The Covid-19 pandemic has aggravated the crisis by another order of magnitude, with the government-mandated moratorium on interest payments (it expired in September) and state-guaranteed loans threatening to further increase the already

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