Bank nationalisation: 50 years on, Indira Gandhi’s massive blunder still costs India
The famous phrase ‘Good Politics makes Bad Economics’ points to the idea of dumping selfish political gains over viable economic policy and the ...
Tag: banks
‘Madam please don’t send us to tribunal’, the massive effect of Insolvency and Bankruptcy Code
The cultural change in how businesses work in the country is visible after the implementation of Insolvency and Bankruptcy Code (IBC). Earlier the ...
Another success for IBC: Ruia’s desperate to pay loans of Essar Steel
The corporate culture in India was rammed by corruption and nepotism for decades. The Government used to spoon-feed selected established corporate houses through ...
Sign of healthy economy: Credit growth reaches four year high
Bank credit has registered the highest growth in the last four years. Overall credit of commercial banks grew at the rate of 12.2 ...
RBI fixes liability in case of fraudulent transaction from banks
There was lot of ambiguity in who will bear the liability if a person’s bank account in hacked and money is withdrawn. Some ...
CEOs of Public Sector Banks to face penal action if not able to check NPA
Finance Ministry has told the CEOs of public sector banks in no uncertain terms that they would face penal action if not able ...
SBI expects to recover 50% assets from RBI’s first NPA list
The State bank of India (SBI) expects to recover 50 percent of loans from the initial 12 NPA cases identified by RBI for resolutions ...
Cash Crunch in India (again)?: Here is what the people have to say
As speculation of a cash crunch has been rife since the morning, finance minister Arun Jaitley stepped in to assuage people's fears. He ...
Privatization of Banks: Will it save India’s Banking Industry?
After the Nirav Modi scam saw the light of the day, the demand for the privatization of banks has surfaced yet again. From ...
Understanding IBC: Insolvency and Bankruptcy Code
Amidst the megaton explosions of Demonitization and GST roll-out, crackle of Insolvency and Bankruptcy Code (will be addressed as IBC henceforth) has taken ...
After Demonetisation and GST, Here is PM Modi’s latest Financial Reform – Possibly the biggest since 1969
If my memory serves me right, we have celebrated the resilience of Indian financial system for escaping the second worst financial crisis, after ...
