For stressed loans, the need is to prevent disruption in cash flows from a systemic perspective, conserving employment and assets in untainted enterprises with the potential for recovery, says Shyam Ponappa.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
India's state banks are under pressure to improve profitability.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
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The catalyst is the run on emerging market equities, but many investors are just tired of waiting for India to get its act together.
As for structural reform, there are signs if one looks hard enough.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
The government has taken a number of steps to address the situation faced by farmers.
