-The Hindu Business Line RBI Deputy Governor says such Loans support economic activity, generate income & surplus Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons. “The excessive lending to corporate sector was the outcome of what I call...

-The Telegraph New Delhi: The Reserve Bank of India today told the Supreme Court that it was not in favour of publishing the list of loan defaulters who owed public sector banks Rs 500 crore or more because such disclosure might involve the statutory, contractual and fiduciary rights of the defaulters. Senior advocate Jaideep Gupta, appearing for the Reserve Bank, argued that the grant of Loans was covered by various statutes, including...

-The Telegraph Lucknow: Implementation of the crop loan waiver that Yogi Adityanath's government had announced on April 4 faces a fresh threat of delay, this time because of poor Internet connectivity in the border regions. Adityanath had on Friday asked district administrations to collect the loan data from the banks and upload them on their websites by July 31 and then start handing out the waiver certificates. But hundreds of bank branches have...

-TheWire.in The Maharashtra government’s Rs 34,000-crore farm loan waiver may not provide much relief to small and marginal farmers in Marathwada, who are caught in the debt trap of private moneylenders. Latur: Venkat Balbim Bhise, a farmer who owns three acres of land in Bisewagholi village, in Maharashtra’s Latur district, is in his early thirties. But anger bordering on fatalism is writ large over his weary face. Venkat owes almost Rs 3.5...

-The Economic Times Farmers are agitated. Loan waivers have not stemmed protests or farmer suicides. This is a multidimensional problem and also a huge political opportunity for parties that can think constructively. Waiving Loans is bad policy. It adds to the fiscal stress of states, straining under the electricity utility debt they have taken over. The states would undo the Centre’s hard-wrought fiscal discipline, scaring rating agencies. Waived Loans bring little benefit to...