We Need More SBIs, But Some Nationalised Banks Simply Don't Get Well: Finance Minister
Business | Edited by Nirmalya Sen | Tuesday February 2, 2021
Budget 2012: Finance Minister Nirmala Sitharaman said asset reconstruction and management company will be set up for stressed assets of banks
Finance Minister Proposes Rs 20,000 Crore Recapitalisation For Public Sector Banks
Business | Press Trust of India | Monday February 1, 2021
Budget 2021: In September 2020, Parliament approved Rs 20,000 crore capital infusion for PSBs as part of the first batch of Supplementary Demands for grants for 2020-21
Budget 21: Bad Bank to Handle Record Levels of Soured Debt
Business | Suvashree Ghosh, Bloomberg | Monday February 1, 2021
Budget 2021: The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans outlined by the Finance Minister
Budget 2021: FDI Limit In Insurance Hiked To 74%
Business | Edited by Peter Noronha | Tuesday February 2, 2021
Union Budget 2021: The Insurance Act 1938 will be amended to "increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with safeguards," the finance minister said
Government Should Bring Down Its Stake In Public Sector Banks: CII
Business | Edited by Abhishek Vasudev | Tuesday January 19, 2021
CII has also called for transformation of old public sector banks (OPSBs) wherein government should facilitate the takeover of old public sector banks
Industry Body Calls For Creating Multiple Bad Banks To Buy Bad Loans In Budget 2021
Business | Edited by Abhishek Vasudev | Wednesday January 20, 2021
Banks may see bad loans double despite signs of an improvement in the economic impact of the Covid-19 pandemic, a report from RBI said
RBI Warns Bad Loans, Soaring Markets Threaten Financial Stability
Business | Suvashree Ghosh and Rahul Satija, Bloomberg | Wednesday January 13, 2021
The non-performing asset ratio is forecast to rise to 13.5% by the end of September from 7.5% a year ago, the Reserve Bank of India said
Bad Loans May Rise Significantly, Says RBI's Financial Stability Report
Business | Reuters | Tuesday January 12, 2021
The gross Non-Performing Assets of banks may increase from 7.5 per cent in September 2020 to 14.8 per cent under a severe stress scenario
Budget 2020 Light On New Structural Reforms: Fitch
Business | Press Trust of India | Wednesday February 5, 2020
Budget 2020: The credit ratings major projected that the government debt will remain close to 70 per cent of GDP throughout the period to 2021-22.
As Budget Falls Short, RBI May Focus On US-Style Operation Twist
Business | Anirban Nag, Bloomberg | Monday February 3, 2020
The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs.
Budget 2020: Insurance Cover For Bank Depositors To Be Raised To Rs 5 Lakh
Business | Edited by Peter Noronha | Saturday February 1, 2020
Deposit insurance is a protection cover against losses on bank deposits if a bank fails financially and has no money to pay its depositors.
Budget 2020: Government Abolishes Dividend Distribution Tax, Pegs Rs 25,000 Crore Revenue Loss
Business | ANI | Saturday February 1, 2020
Budget 2020: Finance Minister Nirmala Sitharaman said the system of levying DDT results in an increase in tax burden for investors, and especially for those who are liable to pay tax less than the rate of DDT if the dividend income is included in their income.
Budget 2020: Banking Sector Reforms To Remain Priority, Says Nirmala Sitharaman
Business | ANI | Saturday February 1, 2020
Budget 2020: Finance Minister Nirmala Sitharaman said foreign portfolio investor (FPI) limits in corporate bonds are proposed to be increased to 15 per cent of outstanding stocks from the current 9 per cent.
Banks' Loans Rise 7.2% In Two Weeks To January 17: Reserve Bank of India
Business | Reuters | Friday January 31, 2020
Non-food credit fell Rs 29,285 crore to Rs 99.23 lakh crore, while food credit fell Rs 1,401crore to Rs 82,101 crore.
Troubled Assets Relief Programme-Like Fund Likely In Budget For Shadow Banks: Report
Business | Indo-Asian News Service | Tuesday January 28, 2020
A high level review meeting was held on Monday, chaired by Prime Minister Narendra Modi. A final decision will be taken on the matter.
We Need More SBIs, But Some Nationalised Banks Simply Don't Get Well: Finance Minister
Business | Edited by Nirmalya Sen | Tuesday February 2, 2021
Budget 2012: Finance Minister Nirmala Sitharaman said asset reconstruction and management company will be set up for stressed assets of banks
Finance Minister Proposes Rs 20,000 Crore Recapitalisation For Public Sector Banks
Business | Press Trust of India | Monday February 1, 2021
Budget 2021: In September 2020, Parliament approved Rs 20,000 crore capital infusion for PSBs as part of the first batch of Supplementary Demands for grants for 2020-21
Budget 21: Bad Bank to Handle Record Levels of Soured Debt
Business | Suvashree Ghosh, Bloomberg | Monday February 1, 2021
Budget 2021: The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans outlined by the Finance Minister
Budget 2021: FDI Limit In Insurance Hiked To 74%
Business | Edited by Peter Noronha | Tuesday February 2, 2021
Union Budget 2021: The Insurance Act 1938 will be amended to "increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with safeguards," the finance minister said
Government Should Bring Down Its Stake In Public Sector Banks: CII
Business | Edited by Abhishek Vasudev | Tuesday January 19, 2021
CII has also called for transformation of old public sector banks (OPSBs) wherein government should facilitate the takeover of old public sector banks
Industry Body Calls For Creating Multiple Bad Banks To Buy Bad Loans In Budget 2021
Business | Edited by Abhishek Vasudev | Wednesday January 20, 2021
Banks may see bad loans double despite signs of an improvement in the economic impact of the Covid-19 pandemic, a report from RBI said
RBI Warns Bad Loans, Soaring Markets Threaten Financial Stability
Business | Suvashree Ghosh and Rahul Satija, Bloomberg | Wednesday January 13, 2021
The non-performing asset ratio is forecast to rise to 13.5% by the end of September from 7.5% a year ago, the Reserve Bank of India said
Bad Loans May Rise Significantly, Says RBI's Financial Stability Report
Business | Reuters | Tuesday January 12, 2021
The gross Non-Performing Assets of banks may increase from 7.5 per cent in September 2020 to 14.8 per cent under a severe stress scenario
Budget 2020 Light On New Structural Reforms: Fitch
Business | Press Trust of India | Wednesday February 5, 2020
Budget 2020: The credit ratings major projected that the government debt will remain close to 70 per cent of GDP throughout the period to 2021-22.
As Budget Falls Short, RBI May Focus On US-Style Operation Twist
Business | Anirban Nag, Bloomberg | Monday February 3, 2020
The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs.
Budget 2020: Insurance Cover For Bank Depositors To Be Raised To Rs 5 Lakh
Business | Edited by Peter Noronha | Saturday February 1, 2020
Deposit insurance is a protection cover against losses on bank deposits if a bank fails financially and has no money to pay its depositors.
Budget 2020: Government Abolishes Dividend Distribution Tax, Pegs Rs 25,000 Crore Revenue Loss
Business | ANI | Saturday February 1, 2020
Budget 2020: Finance Minister Nirmala Sitharaman said the system of levying DDT results in an increase in tax burden for investors, and especially for those who are liable to pay tax less than the rate of DDT if the dividend income is included in their income.
Budget 2020: Banking Sector Reforms To Remain Priority, Says Nirmala Sitharaman
Business | ANI | Saturday February 1, 2020
Budget 2020: Finance Minister Nirmala Sitharaman said foreign portfolio investor (FPI) limits in corporate bonds are proposed to be increased to 15 per cent of outstanding stocks from the current 9 per cent.
Banks' Loans Rise 7.2% In Two Weeks To January 17: Reserve Bank of India
Business | Reuters | Friday January 31, 2020
Non-food credit fell Rs 29,285 crore to Rs 99.23 lakh crore, while food credit fell Rs 1,401crore to Rs 82,101 crore.
Troubled Assets Relief Programme-Like Fund Likely In Budget For Shadow Banks: Report
Business | Indo-Asian News Service | Tuesday January 28, 2020
A high level review meeting was held on Monday, chaired by Prime Minister Narendra Modi. A final decision will be taken on the matter.
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