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Prabhat Patnaik
Wednesday 16 August, 2017
The few days old Volume II of the Economic Survey by Ministry of Finance shows a GVA growth rate much less than that of the previous year, and that too artificially boosted by seasonal variations in non-core sectors. This deceleration is most likely to continue, with growing NPAs and plunging exports, and interest rate cuts will not help in a demand-constrained economy unless the government starts thinking beyond “fiscal rectitude”.
Thomas Franco
Friday 31 March, 2017
In a surprise move, the Govt of India has forced 10 Public Sector Banks to sign an MoU in return for a small amount of capital. Many wonder why an MoU was required and why Unions and Associations are expected to sign. Is this a blank cheque for privatisation? Is it like taking the consent of a sacrificial goat by applying turmeric and water and getting its nod before sacrifice? The Government is like a parent and Public Sector Banks are like children. Will the parent take an undertaking from a child? These are questions which have to be answered by the Government.
C.P. Chandrasekhar
Wednesday 08 March, 2017
A trail of defaults is ensuring that the NPA ratio is not stabilising, as the RBI expected it would, once assets misclassified as restructured and standard are recognised as non-performing.
Thomas Franco
Tuesday 28 February, 2017
The economic survey presented by Dr. Aravind Subramaniam, Chief Economic Advisor talked about creation of a Public Sector Asset Rehabilitation Agency (PARA). The new Deputy Governor of RBI who is a known votary of Privatisation, who has taken leave from New York University for 3 years.....
C.P. Chandrasekhar
Wednesday 03 August, 2016
Adventurous lending followed by wilful default that has become more common in recent years, is linked to the change in banking practices and the pursuit of quick profits after liberalization.
C.P. Chandrasekhar,Jayati Ghosh
Tuesday 02 August, 2016
After having retreated from retail lending in the years since 2005-06, banks burdened by NPAs in areas like infrastructure seem to be returning to the retail market. How far can this go?
C.P. Chandrasekhar,Jayati Ghosh
Tuesday 12 July, 2016
Recognizing bad assets and writing them off may not resolve the banking problem, since the new financial order requires banks to lend to those who seem more prone to default.
C.P. Chandrasekhar
Wednesday 05 March, 2014
Higher NPAs in the public sector banks of India is a consequence of the liberalisation agenda pursued by the government rather than the failure of the bank managers.
C.P. Chandrasekhar,Jayati Ghosh
Tuesday 30 October, 2012
While large bank loans to private investors have been restructured to keep them 'performing', the burden of such financing has fallen disproportionately on public sector banks.
C.P. Chandrasekhar
Tuesday 30 October, 2012
The NPA figures on the books of the scheduled commercial banks seem to be gross underestimates given the recent debt restructurings involving a number of large borrowers.
 

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