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FM seeks additional Rs 2.35 lakh crore to meet expenses

Union Finance Minister Nirmala Sitharaman on Monday sought the Parliament nod for additional spending of Rs 2.35 lakh crore, which include cash outgo of Rs 1.66 lakh crore, primarily to meet......

Bad loans of banks may cross Rs 10 lakh crore by FY22 end

Banks' bad loans might cross Rs 10 lakh crore by the end of this fiscal, mainly on account of slippages in retail and MSME sectors, a study said on Tuesday. Illustration: Uttam Ghosh/Rediff.com......

2nd wave increased banks' asset quality risks: Moody's

Moody's Investors Service on Thursday said second wave of Covid infections has increased asset risks for Indian banks, but a severe deterioration is unlikely. Illustration: Uttam Ghosh/Rediff.com......

Govt rules out fresh PSB merger proposal

The government has set the loans disbursement target under the PM Mudra Yojana (PMMY) at Rs 3 trillion for the current financial year as compared to Rs 3.21 trillion sanctioned in FY21.......

Banks face systemic risk, 2nd wave to hit performance: S&P

S&P Global Ratings on Wednesday said Indian banks face a systemic risk as the second COVID wave will impair the performance of financial institutions in the April-September period. Illustration:......

Economists sceptical about Sitharaman's Covid stimulus

While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move the needle for the economy. Illustration: Dominic Xavier/Rediff.com Direct......

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