-Livemint.com The problem escalated due to the government’s focus on infrastructure during 2002-09, especially with the efforts made to promote public-private partnerships The past two years or so have seen rapidly increasing stress in the Indian banking sector, with non-performing Assets (NPAs) steadily climbing from under 3% to over 13% of total Assets. Loan-loss provisioning for NPAs has seriously eroded the capital base of several banks, limiting their ability to make further...
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Household savings in banks dip for first time in four decades -Sunitha Natti
-The New Indian Express For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial Assets in FY18 as against 67 per cent a year before. MUMBAI: For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial Assets in FY18 as against 67 per cent a year before. The startling downfall of bank deposits is a first, at...
More »MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan
-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
More »Cause for caution: On India's GDP growth -Puja Mehra
-The Hindu India’s GDP growth continues to be powered by consumption, not investments A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing Assets (NPAs), a trade deficit that has shot...
More »With Attack on Himachal Man, Number of Murdered RTI Activists Rises to 73 -Gaurav Vivek Bhatnagar
-TheWire.in Family members of slain Kedar Singh Jindan, along with several locals and activists, have demanded a CBI probe into the matter. New Delhi: Even as the Centre dithers on implementing the Whistleblowers Protection Act, which was passed four years ago to protect anyone who exposes alleged wrongdoing in government bodies, another name has been added to the growing list of RTI activists who have been killed for raising disturbing questions. The...
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