The move will have cascading effects for lot of related sectors
RBI will make a presentation on January 24 before the panel on the state of NPAs and stressed loans.
November IIP data show a fall of over 20%, led by automobiles, gems & jewellery and home appliances; turnaround seen as unlikely.
Dy Governor notes it's an era of job changes for better.
The RBI has been critical of banks for using restructuring schemes to hide the stress.
India's crony capitalists will have had their day in the sun.
Private hospitals, especially smaller standalone ones, are staring at a crisis that they were not prepared for. Analysts say larger corporate chains have to brace up for at least six months for business to return to normal.
Three million tonnes of buffer stock, where the government bears the interest and insurance cost, was announced by the Centre only for a year and that period is ending in June.
The thrust will be on improving connectivity in economic corridors and remote and border areas with a view to hike trade and enable faster movement of cargo.
Private lenders have also been expanding their branch and automate teller machine networks aggressively.
RBI, govt steps to help banks end NPA woes by Mar'17: Rajan
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
Poor rain threatens recovery in production this season, sugar prices at three-month high
The time-bound nature of the bankruptcy code, envisaging resolution within 180 to 270 days, would put enormous pressure on the existing judicial infrastructure.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
With equity and commodity exchanges allowed to enter each other's areas from October, brokerages are pump-priming their businesses to allow their clients seamless trading in commodities and equities.
The Indian basket represents the price of Oman and Dubai sour grade crude.
Of the 170 million rural households in the country, a government website claims to have connected 82 per cent of them. The metered households are 50 per cent of the total. As on February, 2018, of the 780,000 villages to be intensively electrified or provide connection to all in households, 493,000 have been covered. However, the amount and quality of the power supply cannot be ascertained from this data. No clause in any of the rural electrification programmes promises 24 hours' power supply.
India is currently under the 21-day lockdown since March 25, with only essential services exempted to contain the fast-spreading virus.
With weekly additions slowing, it's likely that demand could be slackening
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
Though Indian banks don't have large exposure to subprime mortgages, analysts are worried at the rise in their restructured loan portfolios and deterioration in credit quality.
Infrastructure, stricter implementation boost commercial vehicle sales
Indian basket at 6-month low of $49.11 a bbl
Electricity generation has outperformed the industrial production index for five months in a row this financial year, even as the broader economy is struggling to grow.
'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
Tata Motors was the top gainer on better-than-expected June quarter revenues
Bad debt rules are steps in right direction.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Large pharmaceutical firms feel that if the quality parameters and assurance levels are brought up to the level of branded generics, then Jan Aushadhi medicines would find it difficult to retain their affordability.
The NPA of the public sector banks rose to 6.03% as of June 2015.
'GST will bring in much needed transparency and higher investments in the coming years and we hope that a few percentage points to India's GDP.'
Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
Rural slowdown may delay growth in the economy.
Export growth picked up mainly owing to rising global crude prices, which pushed up processed petroleum exports by nearly 40 per cent, apart from a broad-based improvement in exports of major foreign exchange earners such as engineering goods and gems and jewellery.
This is the lowest investment grade rating.
Power generation and distribution is the most indebted sector
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
Mixed global cues and decline in crude oil prices further dent the sentiments.
The meeting will focus on how to make the crisis an opportunity for India.
