-Livemint.com The gross bad loan ratio of banks which stood at 7.5% as of 30 September, could almost double to 14.8% under a severe stress scenario, RBI warns Indian banks’ bad loan ratio could rise to 13.5% under the baseline stress scenario by September, the highest in more than 22 years, posing a risk to the broader economy, the Reserve Bank of India (RBI) said. The gross bad loan ratio of banks which...
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RBI Warns Gross NPAs of Banks May Escalate to 14.8% in September in Absence of Adequate Capital
-Moneylife.in While highlighting the need for proactive building up of adequate capital for banks to withstand possible asset quality deterioration, the Reserve Bank of India (RBI) has warned that the gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) may escalate to 14.8% under a severe stress scenario. In its financial stability report (FSR), the central bank says, "Macro stress tests incorporating the first advance estimates of gross domestic product (GDP) for...
More »Both government and farmers need to re-evaluate their positions -Ajay Vir Jakhar
-The Indian Express Before the storm begins to take a turn for the worse or begins to ebb, it is time also for the farmers to reassess and seek positive concessions, because at the end of the agitation, no one would want a status quo ante, that is inevitable otherwise. “Unfortunately, the clock is ticking, the hours are going by. The past increases, the future recedes. Possibilities decreasing, regrets mounting,” Haruki Murakami’s...
More »SC suspends implementation of three farm laws -Krishnadas Rajagopal
-The Hindu Court forms expert panel to hear apprehensions raised by farmers against the laws The Supreme Court on Tuesday suspended the implementation of three controversial farm laws, terming its order the “victory of fair play”. “If there is a victory at all, it is the victory of fair play,” Chief Justice of India (CJI) Sharad A. Bobde corrected senior advocate Harish Salve. The CJI was responding to an apprehension expressed by Mr. Salve...
More »Travails of ASHA Workers During COVID-19 Call for Renewed Focus on Public Health -Deepanshu Mohan, Jignesh Mistry, Advaita Singh, Sunanda Mishra and Shivani Agarwal
-TheWire.in ASHA workers and other community healthcare workers have experienced extra working hours, loss of pay and social apathy during the pandemic. Walking into 2021, if there was one positive to be identified with the large-scale outbreak of a pandemic in 2020 in India, and the rest of the developing world, it would have been this: a primary focus given by most governments and their executive agencies to improve healthcare services and...
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