NPAs largely a governance issue, not ownership: RBI Dy Governor Mundra
Interest rates on small savings scheme, which are linked to government securities’ interest rates, will be reviewed quarterly starting April 1, as opposed to yearly readjustment at present, Das said.
The problem of NPAs points to banks’ vulnerability to political pressure
Public sector banks have written off Rs 1,14,000 crore in the last three years, as reported in The Indian Express on February 8, based on a response by the Reserve Bank of India to an RTI application.
In the last three years, public sector banks have written off Rs 1,14,000 crore as reported by The Indian Express on February 8. The Finance Ministry, RBI and SBI sent separate letters to the newspaper arguing that write-offs did not mean all was lost.
One of the most used terms in the banking and financial sectors over the last few years, leading RBI Governor Raghuram Rajan to express concern over the health of public sector banks. So what does it mean?
As Finance Minister Arun Jaitley gets ready to present his Budget, there appear to be some parallels from then — the banking sector crisis.
Subramanian & team back investment boost, Rajan-led economists caution
The working group, set up by the RBI, has called for introducing a call and put option format for trading over-the-counter (OTC) as well as on exchanges.
The RBI has taken steps to address bad debts. It is time government chipped in with structural reforms
Government must use multiple instruments to resolve the growing burden of non-performing assets
That is the amount of bad loans waived in last three financial years, more than the write-off in the previous nine
Inflation expectations are rising, and investment is sliding. That’s the challenge the budget must address
Rajan listed four conditions for free enterprise to be politically viable: Level playing field with easy entry and exit, protection of property rights, broadening access to capabilities and a basic safety net.
In July 1991, the RBI pledged 46.91 tonnes of gold with the Bank of England and the Bank of Japan to raise $400 million but the government was quick to repurchase it months later as the situation improved.