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Government red cards bad bank idea, benches ARC planThe plan for a bad bank — essentially a government-funded agency that buys all the bad loans of banks — has been on the table for a while.- Loan demand to pick up to 15% in 2017-18: BofAMLAccording to a Bank of America Merrill Lynch report, loan growth in the country is now at a historic low and is expected to bottom out.
- Brace for raids & seizures! Who'll gain if FM ups the ante in black money warAccording to BofA-ML, Modi is most likely to come out all guns blazing, with Finance Minister Arun Jaitley determined to bring back Rs 1 la...
- FM Arun Jaitley, RBI Governor discuss bad loansThe government had earlier explored the idea of setting up a Na tional Asset Management Company (NAMC) that could act as a nodal agency to ...
- Arun Jaitley to chair high-level meet on bank NPAs tomorrowThe meeting, which will also be attended by Financial Services Secretary Anjuly Chib Duggal, will discuss ways of resolution of stressed as...
- Government mulls another ETF comprising stocks of L&T, ITC and Axis Bank and some blue chip PSUsThe govt had been examining various options such as an offer for sale to monetize its holding in SUUTI but now seems to have zeroed in on a...
- Surge in stock prices of L&T, Axis Bank & other companies offers bonanza for Modi-led governmentSurge in stock prices of Larsen & Toubro, Axis Bank and other companies has delivered a bonanza for the new government.
- Government defers SUUTI closure, paves way for stake sale in private companiesThe Union Cabinet has deferred its earlier decision to create an asset management company for Specified Undertaking of UTI or SUUTI.
- SUUTI may become holding company for PSBsThe union cabinet has already approved a proposal to wind up SUUTI and shift its assets to a new asset management company.
- Government clears winding up of SUUTI; creates NAMCThe government approved winding up of Specified Undertaking of the Unit Trust of India (SUUTI) and creation of National Asset Management Co...
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