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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 Lakshmi Vilas Bank, disputes the notion that privatisation can make any difference to PSB efficienc...

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 Read Full Story MUMBAI : Given the large overhang of non-performing assets in our financial services ...

Rebooting Economy 68: How private wealth creators are serving Indian economy and people Private wealth creators are solely responsible for India's 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 theories masquerading as sound economics (free-market rhetoric better known as Thatcherism and Reagani...

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...