Nine out of ten financial analysts in India today are busy counting the dismal consequences of the rising non-performing assets (NPAs) of the banking sector. The slowdown in the economy in the last few years has led to a rise in bad loans or non-performing assets deteriorating the asset qu...
Union Minister Sri NitinGadkari made a very pertinent observation while addressing an event organised by an urban cooperative bank. He warned that taking action against every defaulting entrepreneur would freeze economic activities around the country and there would be hardly anybody who would be wi...
The Insolvency and Bankruptcy Code (IBC) is not going to help the banking industry to the desired level in recovering bank loans. Many people talk about the Bhushan Steel case as a glaring example of the success of IBC. But one thing is that about Rs. 21,000 crore has not been recovered in this...
Amidst a protracted phase of slow global growth, India is undoubtedly a stellar performer by virtue of being the world's fastest growing major economy. But the ‘twin balance sheet problem’ can potentially destabilise the capacity expansion plans needed to keep the economy on a sustainable high g...
The recent incidents in the banking sector in India have spotlighted its weak spots. At places, the banking officials are underplaying the issue but the public sector banks seem worried about risky investments and are apprehensive of providing bad loans. The recent scams have shaken public confidenc...
The Kolkata-headquartered United Bank of India has been in huge financial stress. But the management is very proactive about recovering and are hopeful about its high turn-over by March 2019. Their corrective measures include reorientation of balance sheet and emphasis on loans to retail, agricultur...
Pulled down by a load of bad loans, the performance of the banking sector has remained subdued in the current financial year. The situation is likely to improve with banks following on recoveries and active stressed asset resolution initiated by the Reserve Bank of India (RBI). The Economic Survey f...
“India –the land of the Vedas, the remarkable works contain not only religious ideas for a perfect life, but also facts which science has proved true. Electricity, radium, electronics, airship, all were known to the seers who founded the Vedas.” – Ella WheelerMany attempts have been made to ...
Media encourages controversies, the latest being the government’s tag “institution of eminence” added to Jio University, which physically does not exist. A Twitter mention of the HRD Minister of Jio University - along with BITS Pilani and Manipal - of achieving the eminence tag created all&nbs...
Fighting through the darkness‘Socially confined’ can be the right word for the residents of the red light areas (RLAs). A woman of an RLA is confined within her ‘profession’ by her trafficker / pimp / landlady through a mechanism of intimidation and violence. The children of RLAs carry marks...