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Sunny Verma
Sunny Verma is a Senior Assistant Editor with The Indian Express and writes on economy and finance.
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More From Sunny Verma - Page 18
The Hawk Blinks: Government gives fiscal deficit target a missSubscriber Only
February 02, 2019 02:21 IST
Finance Minister Piyush Goyal said the government is confident of sticking to the fiscal consolidation roadmap as high growth will help in raising tax revenues.
Sat, Feb 02, 2019
As over half cases go beyond IBC deadline, SBI loan auction move raises fresh questionsSubscriber Only
January 28, 2019 01:21 IST
While SBI did not state the reasons for its planned loan sale through e-auction outside the IBC driven recovery, sources says delays in resolution under the bankruptcy law, along with clogged pipelines at various NCLT (National Company Law Tribunal) benches, are perhaps encouraging banks to look for outright sale.
Mon, Jan 28, 2019
Ahead of interim budget, finance ministry asks RBI: How much dividend can you transfer?Subscriber Only
January 26, 2019 00:42 IST
One of the contentious issues in the conflict between the government and the RBI under Urjit Patel was the size of the central bank’s reserves, which at Rs 9.6 lakh crore was then perceived as being excessive by the government.
Sat, Jan 26, 2019
IBC delays, capital needs push SBI to auction Essar Steel loansSubscriber Only
January 22, 2019 03:36 IST
As against that estimated recovery, SBI has kept the reserves price for sale of its Essar Steel exposure at Rs 9,587.64 crore above which buyers will have to bid on January 30.
Tue, Jan 22, 2019
Fund infusion to Exim Bank comes amid deteriorating assets qualitySubscriber Only
January 21, 2019 00:36 IST
With the government facing financial constraints, the fund infusion is being done through issuance of recapitalisation bonds, on the lines of similar bonds being issued for capital infusion in public sector banks.
Mon, Jan 21, 2019
Farmers package in the works: Income support scheme and interest-free loansSubscriber Only
January 15, 2019 04:45 IST
As there are 21.6 crore small and marginal farmers — most of whom are not in a position to repay the loan or put collateral — such a scheme is the only way to support their fund requirements, apart from ensuring market prices for their produce.
Tue, Jan 15, 2019
As sanctions increase, Mudra loan NPAs nearly double during 2017-18Subscriber Only
January 02, 2019 04:45 IST
Interest rate on these loans ranges from 8-12 per cent. Apart from PSBs, private banks, micro-finance institutions and other member lending institutions also grant Mudra loans.
Wed, Jan 02, 2019
PNB resolves: National anthem will be played at every Annual General MeetingSubscriber Only
December 26, 2018 04:48 IST
The Securities and Exchange Board of India and Reserve Bank of India rules do not require companies or banks to play the national anthem at AGMs and EGMs
Wed, Dec 26, 2018Looking back 2018: Recoveries of banks, financial institutions under IBC expected to improveSubscriber Only
December 26, 2018 04:36 IST
The IBC, under which cases started flowing in from January 2017, has been one of the biggest financial reforms in the current year to tackle non-performing assets (NPA) in the banking sector and is a precursor to banks restarting lending after getting back stuck capital.
Wed, Dec 26, 2018
SBI mop-up from non-maintenance of balance falls in April-SeptemberSubscriber Only
December 22, 2018 01:58 IST
SBI’s collections from non-maintenance of AMB fell sharply to Rs 459.88 crore in the first six months of current financial year (April-September 2018), as compared to Rs 2,433.87 crore in the full year of 2017-18.
Sat, Dec 22, 2018After Centre announces capital infusion in banks, it’s over to RBISubscriber Only
December 21, 2018 03:28 IST
Corporation Bank, Oriental Bank of Commerce, Dena Bank and Bank of Maharashtra likely to come out of PCA.
Fri, Dec 21, 2018
Politics over economics of farm loans: my waiver vs your waiverSubscriber Only
December 20, 2018 04:30 IST
Congress’ MP, Chhattisgarh, Rajasthan to waive nearly Rs 60,000 crore; BJP-ruled UP, Maharashtra took Rs 70,000-crore hit; Niti says it’s not long-term solution.
Thu, Dec 20, 2018
Centre likely to get interim dividend for FY19 from Reserve Bank of IndiaSubscriber Only
December 18, 2018 03:10 IST
In the Budget for 2018-19, the government estimated a dividend of Rs 54,817 crore from the RBI, nationalised banks and financial institutions.
Tue, Dec 18, 2018RBI governor Urjit Patel resigns: Concern in markets, all eyes on who succeeds himSubscriber Only
December 11, 2018 05:32 IST
Naushad Forbes, co-chairman, Forbes Marshall and former CII president, said, “It is unfortunate and it comes across as a consequence of his disagreement with the government."
Tue, Dec 11, 2018
Real interest rates must come down to boost growth: Sanjeev SanyalSubscriber Only
December 10, 2018 01:10 IST
In an interview with The Indian Express, the Principal Economic Adviser in the Finance Ministry spoke on a range of issues.
Mon, Dec 10, 2018
Finland favours rules-based multilateral trade regime: Finland’s trade ministerSubscriber Only
December 09, 2018 00:20 IST
Finland’s Minister for Foreign Trade and Development, Anne-Mari Virolainen, said the Nordic country favours a rules-based multilateral trade regime and hoped that the trade agreement between India and the European Union will be finalised.
Sun, Dec 09, 2018
Under fire, NITI Aayog says was told to look at GDP back series dataSubscriber Only
December 03, 2018 05:43 IST
Many economists have questioned the NITI Aayog’s role in the release of the statistical exercise of CSO, which comes under the Ministry of Statistics and Programme Imple- mentation (MoSPI).
Mon, Dec 03, 2018
NITI Aayog VC Rajiv Kumar: ‘New GDP data based on facts, more in sync with UN System’Subscriber Only
December 03, 2018 01:06 IST
“There is no reason for anybody to cast any aspersions on it. And the CSO staff is not political set of people, they are professionals,” Rajiv Kumar said.
Mon, Dec 03, 2018
Banks under PCA: Out of 11 lenders, four report improvement in profitsSubscriber Only
November 27, 2018 01:29 IST
Oriental Bank of Commerce, Corporation Bank and Bank of Maharashtra showed improvement in their profitability; IDBI Bank, Uco Bank, Dena Bank and Allahabad Bank reported marked deterioration in profitability and NPAs.
Tue, Nov 27, 2018
After MSME, Govt will flag real-estate sector stress to RBISubscriber Only
November 22, 2018 05:00 IST
After red-flagging shrinking credit to MSMEs, the government is likely to underline — at the RBI’s Central Board meeting on December 14 — the stress in the real estate sector.
Thu, Nov 22, 2018
Committee on RBI reserves in a weekSubscriber Only
November 21, 2018 06:11 IST
The committee may have members from outside the government and the RBI to look into these issues, sources said. The composition of the committee will be decided jointly by the finance ministry and the RBI.
Wed, Nov 21, 2018
Restrictions on banks: RBI and govt work to narrow their gapSubscriber Only
November 14, 2018 04:19 IST
The RBI board is slated to meet on November 19. The central bank is expected to provide some breathing space to state-owned banks by allowing early exit from PCA for those banks that show trend reversal in their net non performing assets (net NPA)
Wed, Nov 14, 2018RBI, govt near consensus on norm changes to boost MSME creditSubscriber Only
November 14, 2018 01:49 IST
Specific relaxation in RBI regulations likely to provide breathing space to firms
Wed, Nov 14, 2018
Two years of demonetisation: Recovering from note ban shock, MSMEs now face NBFC credit chokeSubscriber Only
November 09, 2018 02:03 IST
The RBI data shows that loans by NBFCs to MSMEs grew at an annual average rate of 35 per cent during the last five years. However, the current liquidity squeeze that the NBFCs are going through, has reduced the credit flow to the MSME sector.
Fri, Nov 09, 2018
Govt wants Rs 3.6 lakh crore from RBI, a third of its reserves, central bank says noSubscriber Only
November 06, 2018 05:00 IST
Last Wednesday, the finance ministry said that the autonomy for the RBI “is an essential” and both the government and the RBI have to be “guided by public interest and the requirements of the Indian economy”.
Tue, Nov 06, 2018Journalism of Courage
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