After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
CEA offers three compelling arguments in his case for privatisation of government-owned banks.
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
While the RBI can nudge things along, ultimately bank owners must recapitalise and review internal processes to ensure that a culture of irresponsible lending doesn't continue, says Devangshu Datta.
Some accounts can be revived by rescheduling loans, which the RBI envisages to do once the norms get finalised after the public discussion.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
According to D&B, food price levels might witness a rebound as foodgrain production is estimated to have declined during 2014-15.
India had a transition from 'socialism with a limited entry to marketism without exit'.
'In macroeconomic policy, timing is all, and by leaving things too late, Mr Modi may have made around 50 seats in the Lok Sabha highly vulnerable,' says T C A Srinivasa Raghavan.
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.
Mahesh Nandurkar, executive director and India Strategist at CLSA, talks to Puneet Wadhwa ahead of their 21st India Forum on his interpretation of how the markets have played out over the past few months, the road ahead, and his sector preferences in this backdrop.
Mutual funds, bonds, PPFs, equity and real estate are some options which offer varying rates of return.
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
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.
Nifty snaps 10-day winning streak
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
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.
Gross NPAs of public and private sector banks stood at Rs 2.41 lakh crore and 26,571 crore respectively.
Bombay Bullion Association to develop a software for the same.
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
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
On December 16, 2015, the apex court ordered disclosure of the defaulters' list, and upheld a Central Information Commission order to this effect.
The ministry further told banks that "it would be prudent to take steps against guarantors immediately when no sign of revival is visible".
The meeting with the top officials of public sector banks is scheduled for March 5, a senior finance ministry official told PTI.
Analysts, however, said the timing of the infusion was good.
ICICI Bank puts up a good show in Q4.
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.
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.
While they have restructured loans, there is still question mark over the success of such a work-out
Bringing down government stakes would augment their capital.
An analyst says, due to excess capacity, investment in manufacturing will not be forthcoming
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
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.
'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.'
Index heavyweights ITC was the top gainer along with RIL and HDFC
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
