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CRONY LENDING
PM Modi deliberately twisted, deflected issues: Jairam RameshRamesh, a former union minister, claimed that public sector banks, especially SBI, accounted for three quarters of Indian banks' debt to th...- India can grow at about 7% despite global uncertainty: Former chief economic advisor K V SubramanianIndia is already undergoing this shift to a higher growth path because of the sagacious economic policy implemented in COVID, where we unde...
- Government policies directed at fostering competition, says CEAAs the impact of reforms starts taking in, the potential growth would accelerate beyond 7 per cent, he said, adding, "given the seeds that ...
- SGX Nifty up 60 points; here's what changed for market while you were sleepingAsian stocks rose on Wednesday, as falling bond yields eased concerns about surging inflation, although focus will shift to Chinese markets...
- Stay away from crony lending, focus on high quality loans: CEA SubramanianObserving that Indian banking sector since the early 1990s faced the problem of poor quality lending especially on large loans, Subramanian...
- Proposal to allow business houses into banking a good-looking step in bad direction: Kaushik BasuBasu further said that there is a good reason why all successful economies have a clear dividing line between industries and corporations o...
- What led to Urjit Patel's premature exit from the RBI? Inside his tell-all book“Instead of buttressing and future-proofing the gains thus far, an atmosphere to go easy on the pedal ensued. A case of our old failing of ...
- India Inc gets vote of confidence; markets get 'hand of trust'The survey draws from the Prime Minister’s Independence Day speech that only when wealth is created will wealth be distributed and referenc...
- Pro-business, not pro-crony policies, to help achieve USD 5 trn GDP milestone: Survey"India's aspiration to become a USD 5-trillion economy depends critically on promoting 'probusiness' policy that unleashes the power of com...
- Never waste a good crisis, this was the right time for PSB mergers: Sandeep ParekhMergers give PSU banks scale. PSBs play a very crucial role in the long term development of an economy.
- When PM Modi’s aides forget ‘phone banking’ & MallyaSince 1991, the most abused phrase among the minuscule Englishspeaking population is ‘economic reforms.’
- Drastic remedies can only be sparked by such shocks for Indian banking sector: ViewCredit quality has been seriously eroded in the system and we are taking gradual steps to stabilise a crumbling edifice.
- Very low inflation for a long time bad for growth, a 50 bps cut would have been better: Kaushik Basu"Foreign investors worry about the mood of a country and the social side which we ignore can have a long run"
- Those who’ll celebrate RBI Governor Raghuram Rajan's exitWhile Rajan earned encomiums for his views on several occasions from international audiences, he did not enjoy the same reception very ofte...
- We are rightly focused against crony capitalism, but crony socialism also bad: Uday KotakMake in India is a great banner but finally there should be a view about animal spirits. We need to rekindle animal spirits to solve India’...
- Uday Kotak throws his weight behind Raghuram Rajan, tells government to keep politics out of RBIThe venerated banker threw his weight behind an independent central bank and said that its governor needed to be insulated from politics.
- No silver bullet, government working on rate transmission: Jayant SinhaSinha said that deposit growth has been a little slower than the past, but there is plenty of deposit in the system to finance projects.
- State Bank of India's loan to Adani group questioned in Rajya SabhaSBI sanctioning USD 1 billion loan to Adani group's coal project in Australia was raised in Rajya Sabha by Derek O'Brien during Zero Hour.
- Time for RBI to cut interest rate, says Anand MahindraLeading industrialist Anand Mahindra today hoped Reserve Bank of India will cut interest rate as the economy has stabilised.
- Lender-Borrower bond improves credit flowThe popular notion in India is that when it comes to banking loans are seldom extended on viability or merit, but often out of ‘personal’ c...
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