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C.P. Chandrasekhar,Jayati Ghosh
Tuesday 15 May, 2018
Neo-liberal banking reform was launched in the early 1990s to address the low profitability of the public banking system and the large presence of non-performing assets. It set itself the objectives of cleaning out NPAs, recapitalising the banks and modifying banking practices to restore profitability and drastically reduce NPA volumes. This did initially have some effect. However, while the NPA ratio fell between the early 1990s and the mid-2000s, it has risen sharply since then. Moreover, while earlier priority and non-priority loans contributed equally to total NPAs, more recently, large non-priority loans to the corporate sector account for the bulk of NPAs. An analysis of these features reveals that these trends are indicative of the failure of neo-liberal banking reform in India.
C.P. Chandrasekhar
Wednesday 17 May, 2017
Narendra Modi government appears to have decided to privatise public sector banks (PSBs). Preparations are underway with arguments being marshalled that “there is no alternative” to privatisation.
C.P. Chandrasekhar
Monday 04 January, 2016
The decision to privatise IDBI Bank is the beginning of a larger process of denationalisation of banking in India that would lead to exclusionary banking structure most unsuited to India’s development needs.
Felipe Rezende
Friday 06 November, 2015
The author examines the role played by the BNDES in financing long term development, how to finance it, and the government’s role in the direct provision of financial services.
Jayati Ghosh
Friday 21 February, 2014
The pushing through of private infrastructure projects without due regard to regulatory requirements is unjust, socially disruptive and exposes the economy to financial risks.
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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