October 29, 2017 3:39 am
Recapitalisation is a half-reform done three years late, as pointed out by the Chief Economic Adviser on October 25. According to the CEA, it has to be accompanied by — I would say preceded by — banking reforms and tough governance standards. There is no word from the government on these concomitant reforms
October 28, 2017 2:21 am
According to Reddy, in a way it’s not a banking crisis but a serious stress to the system.
October 26, 2017 7:13 am
The economy was in repair in 1992-93 after the famous balance of payments crisis in 1991-92 and the government had to unveil reforms in the financial sector especially after the securities scam of 1991-92.
October 26, 2017 7:09 am
Of the total of 22 PSU banks, as many as eight currently have gross non-performing assets (GNPA) above 15 per cent while 14 banks have GNPA of more than 12 per cent.
December 21, 2018 8:06 pm
The move to raise spending and bolster growth is welcome. But private investment must pick up for economy to turnaround
April 26, 2015 1:07 am
Centre had decided to infuse R6,990 cr in 9 PSBs out of current year’s budget
September 25, 2013 3:41 am
State Bank of India on Tuesday came out against Moodys move to downgrade its debt rating.
August 24, 2009 1:30 pm
India has finalised negotiations for a $1.2 bn loan from World Bank to help recapitalise state-run banks.