13 economists laud Telangana's cash support for farmers, red-flag loan waivers

13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to......

PM assures public sector banks of zero interference

Earlier, Finance Minister Arun Jaitley said there was need for more autonomy in public banks, which often faced contradictory directions from the Reserve Bank of India and the government. In a......

Why India has failed to deal with bad loans

The problem of stressed assets needs to be addressed with effective recovery, says Somasekhar Sundaresan.      The banking sector in India is reeling under the stress of stressed......

Syndicate fallout: PSBs' small loans may be hit

The arrest of Sudhir Kumar Jain, chairman and managing director of Syndicate Bank, on allegations of bribery might stifle credit flow to small businesses, bankers say. On Saturday, Jain was......