-The Indian Express At present, 11 weak PSBs out of the 21 State-owned banks are under the PCA, which kicks in when banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets and return on assets. Lending to the Corporate Sector, particularly small and medium enterprises, is becoming increasingly difficult with more than half the country’s public sector banks (PSBs) now under the RBI’s Prompt Corrective Action (PCA)...
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Corporates make 73% of public sector bank bad loans -Sunny Verma
-The Indian Express The Finance Ministry directed smaller PSBs to cut their corporate loan exposure to 25 per cent of their risk-weighted assets over the medium term and focus more on retail lending. Corporate loans corner the lion’s share of rising bad loans in public sector banks while retail loans have a far superior track record when it comes to timely repayment, according to the latest available Reserve Bank of India...
More »Centre seeks to change forest policy to promote industrial plantations in natural forests -Kumar Sambhav Shrivastava
-Scroll.in The existing policy bans commercial activity in natural forests to protect forest dwellers. The new draft policy is up for public comments till April 14. The Union government has drafted a new National Forest Policy. If approved, the policy will allow the Corporate Sector to grow, harvest and sell trees on government-owned forest lands. So far, this is explicitly banned under the existing National Forest Policy, which was laid down...
More »RBI governor Urjit Patel lists all the (other) reasons for PNB fraud -Malvika Joshi
-Livemint.com RBI’s regulatory powers over PSU banks are weaker than those over the private sector banks, says Urjit Patel, putting the onus of tackling bank frauds such as the one at PNB on the finance ministry Mumbai: Reserve Bank of India (RBI) governor Urjit Patel broke his silence on Wednesday on the PNB fraud, putting up a blistering defence for the regulator and sought to put the onus on the finance ministry...
More »'He Sold 50 Kg Of Brinjals For Rs 75 And Returned Home With Rs 5': Condition Of Maharashtra Farmers
-Outlook The downward trend in vegetable prices continues owing to consistent rise in supply. On March 6, more than 35,000 farmers trekked 180 km over six days from Nashik to Mumbai under the banner of the Akhil Bhartiya Kisan Sabha (AIKS) of the CPI(M) with a slew of demands, including right to forest land and a complete loan waiver. The next day, a farmer took 50 kg of brinjals to Ahmednagar ‘mandi’ in...
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