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Recently, Narendra Modi government completed 9 years in office as multi-lateral agencies were vying to label Indian economy as bright spot in a dark global economy. As one moves the needle back to 2014, when...
Female founders, fundraisers, and financial backers are rare in Swiss fintech. Ex-banker Carolina Newton introduces eight of the women breaking the glass ceiling.
Rebooting Economy 66: Is India facing credit deprivation to warrant corporation banks? RBI's 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 India's repeated failure to resolve stressed assets over the past few decades In November 2020, an internal working group (IWG) of the Reserve Bank of India (RBI) recommended that India's large industrial houses be ...
At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue
NPAs: Cleaner of banks or killer of Indian economy? December 12, 2020, 7:08 PM IST HP Kumar is the former Chairman & Managing Director of The National Small Industries Corporation Ltd. NPAs, the abbreviated term, popularly used for ‘Non-Performing Assets’ among Banks and borrowers is turning out to be a draconian provision for the entire business community. The Bankers are equally petrified of this application, as it not only eats away their good money, but, also frightens them by its implications with many a times, seeking their personal accounta...