Merely bringing down the government stake below 51% may not find any taker for the PSBs. The government must bring down its holding to at least 26%, recommends Tamal Bandyopadhyay.
Budget 2015 has blessed the banking sector.
'Keeravaaniji doesn't work in isolation.' 'He responds to stories, situations and the emotional core of a film.' 'That's why his tunes are so different.' 'Unchiseled emotional masterpieces.'
The long wait for realisation makes lenders averse to security receipt transactions. Instead, they have been insisting more on cash, even though valuations of bad assets are generally lower in case of cash deals than those involving SRs. While in deals involving SRs stressed assets are valued at 30 per cent on an average, in cash deals they are valued at 20 per cent, depending on the quality of the assets.
Banking on better credit growth prospects alone may not be the right strategy as far as investing in bank stocks are concerned.
We will find it difficult to exceed an average of 5 per cent growth in the medium term, warns Shankar Acharya, the former chief economic adviser.
There are NPAs on account of the industrial downturn in sectors like steel, infrastructure and power.
Some of the key proposals of the agenda relate to transforming the banking sector, addressing agrarian distress, countering hate crimes and discrimination, and spurring employment generation.
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
Union Finance Minister Arun Jaitley is set to present the Budget next month.
Ironically, bad loans and non-performing assets are on the rise in public sector banks in India, say sector watchers.
It also named bosses for Bank of India, IDBI Bank Ltd and Punjab National Bank from within the state sector
However, the norms have become extremely stringent. The overall tight situation in the credit market has hit consumers quite badly.
Amid stiff competition from private and foreign players, the country's 27 public sector banks logged 35 per cent growth in profit at Rs 16,546 crore (Rs 165.46 billion) while their bad assets fell below 3 per cent during 2003-04.
The NSE Nifty settled the day 38.85 points or 0.37 per cent lower at 10,500.90 after shuttling between 10,590.55 and 10,456.65, intra-day.
The cumulative loss of 20 state-run lenders stood at Rs 14,000 crore during Q4
The RBI has been critical of banks for using restructuring schemes to hide the stress.
RBI had rescheduled the starting date for its implementation.
Just 40 per cent of India Inc's forex loans are hedged.
Banks face the grim possibility of a chunk of the unhedged loans turning bad.
Not only has the Mudra loan mela generated no jobs, it has frittered away trillions of taxpayers' money and it's time to bury the scheme, argues Debashis Basu.
'80% of the rural and urban population don't have enough purchasing power.'
Analysts were expecting the government to propose higher capital infusion for banks.
It's time to re-examine government's role as owner of banks,
Barring stray references such as the 'dual control' of banks and shifting the goalposts during demonetisation, he is not in a fault-finding mode with the government, notes Tamal Bandyopadhyay.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
Non-Performing Assets are a wake-up call for public sector banks.
Thousands of homes in southern England are bracing for flooding after the River Thames burst its banks, with forecasters warning more bad weather is expected.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
Banks have reduced their base rate or the minimum lending rate in the range of 0.1-0.5 per cent till April 15.
'Space out when raising funds; Sebi mulls securitisation platform'
Total income of the bank improved to Rs 13,852.1 crore (Rs 138.52 billion).
On the heels of Delhi Consumer Court imposing Rs 55 lakh fine on ICICI Bank for the excesses committed by its recovery agents, the Indian Banking Association has asked all the banks to follow the industry code of conduct with regard to collection of bad debts.
RBI governor D Subbarao, in the second quarterly review of the monetary policy in October, had said there is need to increase provisioning against bad assets to not less than 70 per cent by September 2010.
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
The hits and misses of the week.
The Reserve Bank of India on Thursday asked banks to review their loan policy towards micro, small and medium enterprises (MSMEs), badly hit by the economic slowdown.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
If the spouse is the guarantor of husband's business loans, banks can hold her liable for default. Here are ways to ring-fence her assets.
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