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

Misdirected stimulus that relies heavily on liquidity infusion when demand is depressed and incentivising loan defaults by routinely writing off NPAs threaten financial stability and economic recovery

Top-down reforms since the demonetisation of 2016 have already derailed the economy and brought misery to millions, yet the great zeal to do more of the same amidst protests from several segments of population demonstrate that the intent is far from public welfare

Multiple factors are responsible for this; some are well-known, like data fudging and man-made disasters of demonetisation, GST, and stringent lockdown; others are lost sight of, like lack of institutional support and intellectual rigour and frivolous approach to serious crisis

The Mudra portfolio of the largest bank in the country with over 20 per cent market share in banking assets indicates a similar situation in other public sector banks

This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate

Former deputy governor of Reserve Bank of India says idea that India'll somehow fix governance problems of PSBs won't work; I see only two parts that can work -- healthier banks can be floated in market and others should find niche business models that work, he says

Acharya's comments came amid rising clamour for further rate cuts to help boost the economic recovery, even as headline inflation breached the 6 per cent level in June

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

In his new book titled 'Quest For Restoring Financial Stability In India', Acharya delves into the nature of pressure he worked under at the Reserve Bank of India

Acharya, in his book, \"Quest for Restoring Financial Stability in India, argues that numerous policies \"regressed\" the economic climate in the country while he was deputy governor between early January 2017 and mid-July 2019

Gandhi says RBI governor resigned in just over two years as Prime Minister Narendra Modi didn't want him to go after wilful defaulters

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An hour of content on television typically has 10 minutes of advertising and through the months of April and May the ad breaks were far and few. When the supply chain disruption straightened up and production restarted by end of May, ad inventory volumes began to grow, but at a snail's pace

In a presentation made at the official launch of these schemes, the department of pharmaceuticals, Ministry of Chemicals and Fertilisers points out that the schemes when operationalised will result in import substitution and drug security for the country

Although, heavy rainfall was observed at isolated places over Himachal Pradesh, Uttarakhand, Sub-Himalayan West Bengal and Sikkim, Arunachal Pradesh, Gujarat State Konkan and Goa and Jharkhand leading to floods in some of these regions

India is the second-largest smartphone market in the world. According to Statista, over 19 billion mobile apps were downloaded in the country in 2019, as compared to over six billion in 2016

This is quite sobering especially since in this period, the anti-China rhetoric has grown stronger. Let alone their market shares and revenues/profits, as per some estimates, the advertising budgets of Chinese smartphone makers such as Oppo, Vivo, Xiaomi and OnePlus are far bigger than the earnings of all banned apps

In his book, Patel is also critical of Mudra loans where government has set targets in the past for banks to give collateral-free loans up to Rs 10 lakh. Currently, the NPAs in the Mudra loans are one of the highest, even reaching 20 per cent-plus level for some PSBs

Urjit Patel also says that the government is responsible for ensuring adequate capital for banks that are under its ambit on a durable or sustainable basis