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Sunny Verma
Sunny Verma is a Senior Assistant Editor with The Indian Express and writes on economy and finance.
More From Sunny Verma - Page 21
PNB may sell entire stake in housing finance arm; deal by September-endSubscriber Only
June 26, 2018 04:45 IST
In a clarification to stock exchanges on Monday, HDFC said it “had no meeting with the management of PNB Housing Finance Limited and is not looking to acquire any stake” in the company.
Tue, Jun 26, 2018
Stung by Nirav Modi scam, PNB sets up 6,900 loan recovery cellsSubscriber Only
June 25, 2018 05:03 IST
PNB’s Gross NPAs ratio jumped to 18.38 per cent of gross advances at the end of March 2018, up from 12.53 per cent a year ago. Its net NPAs also soared to 11.24 per cent.
Mon, Jun 25, 2018
LIC eyes large stake to become strategic investor in IDBI BankSubscriber Only
June 23, 2018 00:58 IST
The government is looking to disinvest its holding in the lender.
Sat, Jun 23, 2018
‘IBC resolution to moderate NPAs; rising referrals slowing process’Subscriber Only
June 21, 2018 04:55 IST
Out of the 87 cases that went in for liquidation, in 76 cases, resolution value was less than the liquidation value of the companies, while in 11 cases it was more than the liquidation value.
Thu, Jun 21, 2018
Loan default norms among pressure points between RBI and govtSubscriber Only
June 11, 2018 05:21 IST
Despite repeated requests by the Ministry to relax the default norms, the central bank refused to budge. The rate hike has now ruffled feathers in the government.
Mon, Jun 11, 2018
IBC Monitor, Part II: Despite push for resolution, 30 liquidation orders so farSubscriber Only
June 07, 2018 01:26 IST
The liquidation is been largely initiated by a majority of creditors voting for winding up the company.
Thu, Jun 07, 2018
IBC Monitor, Part I: Legal challenges hold up progress in most casesSubscriber Only
June 06, 2018 01:13 IST
The Code provides for resolution process to be completed in 180 days, which can be extended by a maximum of 90 days.
Wed, Jun 06, 2018Monetary policy review: Core inflation transitory, no need for RBI to panic, says Niti chiefSubscriber Only
June 05, 2018 05:09 IST
Core inflation, which excludes food and fuel components, was at 5.92 per cent in April while general CPI (Consumer Price Index) inflation stood at 4.58 per cent in the same month.
Tue, Jun 05, 2018
Rajiv Kumar interview: ‘Weakness in exports a worry; lazy banking must be jettisoned’Subscriber Only
June 04, 2018 01:07 IST
Rajiv Kumar says a series of reforms in the last four years of the government has laid the “foundation of a solid growth story going forward.”
Mon, Jun 04, 2018Fuel price reduction — Govt in a bind: Niti Aayog says find fiscal space, ONGC has questionsSubscriber Only
June 02, 2018 05:03 IST
Even as GDP growth figures issued by the Central Statistics Office Thursday showed that the ongoing recovery strengthened in the last quarter of 2017-18, there are concerns over whether the rebound can be sustained amid surging oil prices.
Sat, Jun 02, 2018
Public sector banks’ turnaround plan: Cut in loans to corporate, sale of non-core assetsSubscriber Only
June 02, 2018 01:52 IST
Banks are expected to cut costs, shut loss-making branches, reduce the number of overseas branches
Sat, Jun 02, 2018
Allahabad, Dena Banks’ corporate borrowers told to find new lendersSubscriber Only
June 01, 2018 01:42 IST
The Reserve Bank of India banned Dena Bank from advancing any fresh loans while Allahabad Bank has been asked to restrict expansion of risk weighted assets and reduction in exposure to unrated and high risk advances.
Fri, Jun 01, 2018
Four years of Modi government — Banking: NPA woes continue despite insolvency reformsSubscriber Only
May 25, 2018 01:33 IST
Rs 29,343 cr of Rs 2.72L cr written off bad loans recovered; Bhushan Steel only resolution so far in RBI list of 12 large NPAs
Fri, May 25, 2018
Four years of Modi government — Finance: Tax net widened; private funds still elusiveSubscriber Only
May 22, 2018 01:59 IST
For FY18, the Gross Domestic Product (GDP) is estimated to grow at 6.6 per cent, as per the second advance estimate of the Central Statistics Office.
Tue, May 22, 2018
Government banks to get tighter rules, new tech for approval of loansSubscriber Only
May 17, 2018 00:13 IST
Currently, state-owned banks have internal thresholds that empower a general manager to advance loans up to a certain level.
Thu, May 17, 2018
PNB-Modi chargesheet: Named in Nirav Modi case, Allahabad Bank CEO, two PNB directors face axeSubscriber Only
May 15, 2018 04:58 IST
This is first of the two chargesheets which the agency plans to file in the case. The next chargesheet against Choksi, his firms and the arrested accused is likely to be filed on Wednesday, sources said.
Tue, May 15, 2018
Two-year long process: PESB’s fresh pick for HIL CMD post raises eyebrowsSubscriber Only
May 15, 2018 00:35 IST
Meanwhile, on April 10, 2018, for the post of the CMD of profit-making HIL, the PESB recommended the name of M P Eshwar, currently the CMD of a defunct PSU called Instrumentation Ltd.
Tue, May 15, 2018
Free services: Banking dept asks Revenue to quash service tax demands from banksSubscriber Only
May 11, 2018 02:11 IST
Industry sources said the bank may have to cough up a total of around Rs 45,000 crore if they were to meet the tax demand.
Fri, May 11, 2018
Govt nominee absent at ICICI board meeting: ‘Conscious move to not oppose or endorse the management’Subscriber Only
May 09, 2018 02:05 IST
ICICI Bank's MD and CEO Chanda Kochhar, who is facing allegations of conflict of interest while sanctioning loans to the Videocon group, on Monday said that the bank’s board had made its stand clear on the issue of conflict and the CEO’s role.
Wed, May 09, 2018
Continuing trend: Centre’s nominees giving key banks’ board meets a missSubscriber Only
May 09, 2018 02:00 IST
Govt nominees have also been absent from several board meetings of SBI and PNB.
Wed, May 09, 2018Rajiv Kumar: Need prudential regulatory norms for banking but with a lighter touchSubscriber Only
May 07, 2018 01:56 IST
The resolution of bad loans via bankruptcy courts would help banks improve recovery, he said while suggesting that the RBI should move towards having “lighter touch regulatory requirement”.
Mon, May 07, 2018
Centre to release detailed data set on job scenario from OctoberSubscriber Only
May 05, 2018 01:49 IST
Data will be based on the national survey for household on employment creation, Niti Aayog VC Rajiv Kumar said
Sat, May 05, 2018
Identifying NPAs: PSBs start audit of loans over Rs 50 croreSubscriber Only
April 30, 2018 05:00 IST
After completion of the audits, the banks will prepare details of accounts that could potentially turn into non performing assets (NPAs), which will then be shared with the Government and investigative agencies for further action.
Mon, Apr 30, 2018
Levies comprise nearly half of petrol price, 40 per cent of diesel price in DelhiSubscriber Only
April 24, 2018 02:40 IST
While prices of petrol have been made market-determined since June 2010, diesel prices have been market-linked since October 2014.
Tue, Apr 24, 2018
Currency shortage in ATMs: Some triggers came early last yearSubscriber Only
April 20, 2018 05:14 IST
Since April 1, 2017, nearly 48 per cent of the total currency notes supplied are lower denomination notes of Rs 200 and below, according to RBI data until December 31, 2017.
Fri, Apr 20, 2018Journalism of Courage
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