Ind-Ra changed outlook on public sector banks to \"stable\" for FY22 from \"negative\", saying that regulatory changes led to an improvement in state-owned bank's ability to raise AT I capital

In a submission before Finance Minister Nirmala Sitharaman on February 20, CIA pointed out that the biggest concern for MSME at the moment is availability of raw materials in time and at reasonable price

Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages

As debt-laden distressed companies fall by the wayside, some cash-rich large companies are practically monopolising their sectors

India needs to collect and declare credible data on stressed assets, identify sectors and companies where these are accumulated and be transparent in insolvency resolution before jumping to a new mechanism

RBI's database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy

Shares of IIFL Finance hit upper circuit limit of 10 per cent at Rs 222.50, also its 52-week high, on the BSE on Tuesday

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Punjab & Sind Bank's provisions for bad loans and contingenices spiked to Rs 2,924.69 crore during the quarter, as against Rs 494.30 crore in the year ago period

Economists, CEOs, consultants, sector specialists interpret Nirmala Sitharaman's 'Never-before' Budget

Move to set up an ARC/AMC as a proxy for bad bank and a Development Financial Institution is aimed at taking the load of risky assets from banks. It is easier said than done

Government's streategy of recognition, resolution, recapitalisation and reforms have resulted in decline of NPAs by Rs 2,27,388 crore to Rs 8,08,799 crore as on September 30, 2020, Minister of State for Finance Anurag Thakur said

Uday Kotak, the Executive Vice Chairman and Managing Director of Kotak Mahindra Bank, hailed the focus on healthcare, infrastructure and financial sectors

The government has also set a five-year long fiscal consolidation path to 4.5 per cent fiscal deficit by 2025-26. This means the government expansionary fiscal stance to support the growth will continue

Budget 2021 news: Currently, the banks have gross NPAs of around 7 per cent which is expected to rise to 15 per cent by September this year if the situation deteriorates

The government should consider giving the real estate sector, an \"industry status\", as availing it will help developers raise money at lower rates and cut down their cost of capital

Finance Minister Nirmala Sitharaman says preparation of this Budget was taken under circumstances like never before

Budget 2021: The Reserve Bank of India, in a recent report on upcoming banking trends in the country, had pointed out the sector is set for an asset quality shock

Budget 2021: The finance ministry has discussed the proposals for bank recapitalisation and fund allocation will depend on a number of key factors

The Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets