A recent investigation by The Indian Express revealed that over 43% of the total non-performing assets (NPA) till March 2019, or Rs. 4.02 lakh crore, was accounted for by just 100 companies. According to...
A Critique of the Boston Consulting Group's Report on Banking in India
The Reserve Bank of India released a new draft of the project finance framework in May. To address risks and impacts, it must integrate social and environmental considerations, writes the author of this commentary.
Report of the webinar co-organized by All India Bank Officers Confederation and Centre for Financial Accountability on 26th December 2023.
RBI is the regulator and supervisor of the monetary system. Its objectives are, to maintain public confidence in the system, protect depositorsā interests and provide cost-effective banking services to the public. Its roles are...
The quarter 2 results of the public sector banks are noteworthy compared to a few years ago. All these banks showed good profits in the financial year 2021-22. Twelve PSBs made a net profit...
Ā āIn my entire career as a public servant I haven't witnessed the extraction of public wealth for private profit on the scale that we see todayā, said Jawhar Sircar, Rajya Sabha member, Trinamool Congress,...
Everything that can go wrong is going wrong with the big-ticket āreformā Insolvency and Bankruptcy Code (IBC) of 2016, which was sold as the panacea for stressed asset resolutions (NPAs).
ABG Shipyard was incorporated on 15th March 1985 as a ship building and repair business in Gujarat with an office in Mumbai. Its Chairman as well as Managing Director is Rishi Kamlesh Agarwal and...
From 1991 with the debut of neoliberal policies we have followed the dictates of IMF, the World Bank, the Financial Stability Board (of G-20) and now even the World Economic Forum.
The global economy is in a downward trend, fueled by the 3rd wave of the pandemic. In India, the role of Public Sector Banks (PSB) who constitutes more than 65% of the banking system,...
The Union Government has announced setting up of a Bad Bank (the name itself is bad), called the National Asset Reconstruction Company Ltd (NARCL).Ā It will buy loans above Rs.500 crores from the banks....
The infrastructure sector is one of the key sectors for India to achieve higher economic growth rates and requires major investments into projects to push the growth rates higher. The infrastructure sector requires long-term...
In January 2018, the Government of India launched EASE 1.0.Ā It was developed by Boston Consultancy Group (BCG),Ā a multinational consultant with no experience in banking at all, and it is still run by...
Finance Minister Nirmala Sitharaman recently tweeted- āThe Primary reason for PSBs to post such as Rs.57832 Crore turn around ā from a loss of Rs.26016 Crore in 2019-2020 to a combined profit of Rs....
