At India Economic Convention organised by India Foundation, Parekh said the country needs $1 trillion in the 12th Plan of which 47 per cent was to come from private sector, but it has not happened in the first two years of the Plan period.
Mutual funds, bonds, PPFs, equity and real estate are some options which offer varying rates of return.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
India had a transition from 'socialism with a limited entry to marketism without exit'.
Some accounts can be revived by rescheduling loans, which the RBI envisages to do once the norms get finalised after the public discussion.
According to D&B, food price levels might witness a rebound as foodgrain production is estimated to have declined during 2014-15.
RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
'RBI was focusing on public sector banks perhaps thinking that private sector banks are managed efficiently while PSU banks are not.' 'Now, RBI has to focus on private sector banks too.'
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
Senior Executive Director & Co Head (Strategy) of Kotak Institutional Equities Sanjiv Prasad tells Prasanna D Zore/Rediff.com that even if there are a number of challenges facing the Indian equity markets, there are certain sectors that offer a ray of hope.
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
Nifty snaps 10-day winning streak
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
On December 16, 2015, the apex court ordered disclosure of the defaulters' list, and upheld a Central Information Commission order to this effect.
For the baning sector, 2018 was a 'Year of Exits' - borrowers fled from the country as loans went kaput and many bank CEOs were forced to leave
Gross NPAs of public and private sector banks stood at Rs 2.41 lakh crore and 26,571 crore respectively.
The continuing stress faced by corporate India has weakened their debt-servicing capability and this is reflected in the banks' books, as yet-burgeoning bad loans.
Analysts, however, said the timing of the infusion was good.
'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
The ministry further told banks that "it would be prudent to take steps against guarantors immediately when no sign of revival is visible".
While they have restructured loans, there is still question mark over the success of such a work-out
Bombay Bullion Association to develop a software for the same.
ICICI Bank puts up a good show in Q4.
An analyst says, due to excess capacity, investment in manufacturing will not be forthcoming
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
The meeting with the top officials of public sector banks is scheduled for March 5, a senior finance ministry official told PTI.
Bringing down government stakes would augment their capital.
The Bharatiya Janata Party on Friday charged the Congress with trying every trick, including invoking the threat to secularism and tying up with any force, to keep the main opposition from coming to power after seeing the "writing on the wall that its defeat is certain" in Lok Sabha polls.
According to sources, Kingfisher Airlines allegedly diverted funds by opening a current account in HDFC Bank and had a balance of Rs 7.5 crore (Rs 75 million) as on date.
RBI had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.
'If any party talks too much about Muslims, it will lose.'
The country's largest lender State Bank of India will get the largest sum of Rs 8,800 crore as government's capital infusion.
K C Chakrabarty, former deputy governor, RBI, talks to Anup Roy on issues in the new bankruptcy law and rules.
Index heavyweights ITC was the top gainer along with RIL and HDFC
The Union Budget 2016-17 has cheered the NBFC sector
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
