-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...

-The Economic Times  The finance ministry has told all state-run banks to disclose their 50 largest bad loans to help them make a recovery plan and establish a system for zero tolerance against wilful defaulters. In a recent meeting with heads of state-run banks, new financial services secretary Rajiv Takru told them to furnish details of their top 50 non-performing assets (NPAs), including loan sanctioning officer, terms of loan, the collateral furnished...

-The Hindu India’s infrastructure is bursting at the seams, unable to cope with the pressure from the growing economy. Developing the sector will help to create jobs and result in higher economic growth The Gross Domestic Product (GDP) is likely to grow 5.5 per cent and the economic slowdown shows no sign of halting. India’s infrastructure is bursting at the seams, unable to cope with the pressure from the growing economy. Spurring...

-PTI Financial performance of the states with relation to indicators of debt servicing such as debt as a proportion to revenue receipts and gross state domestic product (GSDP) has improved between 2009-10 and 2011-12, says an Icra report. While states like Kerala, Gujarat, Punjab, Rajasthan and West Bengal remain relatively more indebted, Karnataka, Odisha and Chhattisgarh have displayed a superior performance in 2011-12 in terms of their debt relative to revenue receipts. Chhattisgarh,...

-First Post A lot has been written in recent weeks about crony capitalism, but an important issue for the media to introspect over is this: can this happen without significant amounts of crony journalism? When media companies begin to think they can run coal plants, surely this compromises them (Lokmat Group, DB Corp). When political parties think they ought to own media houses or be aligned to one (YSR Congress’ Sakshi, the...