Kumar said closure of any enterprise, be it public or private, is against the interest of the common man and taxpayers. (File image) State Bank of India chairman Rajnish Kumar on Monday said ownership of the banks – whether they are in the private sector or government entities – does not matter, the primary concern … Read more
Despite the forbearance measures, under scenario 1, Moody’s expects newly formed NPLs to nearly double to about 3.7% of gross loans annually in the next two years from 1.7% in fiscal 2020, driven by the retail, SME and agriculture segments. Public sector banks (PSBs) may need up to Rs 3.4 lakh crore in external capital … Read more
The government did infuse almost Rs 2.7 lakh crore between fiscal 2017-2020 but the pandemic might force the government to infuse more capital to keep public lenders healthy. Public sector lenders need to raise as much as Rs 2.1 lakh crore in external capital over the next two years to tackle the capital shortages that … Read more
Privatisation is a bigger political decision and not an economic one alone, Vishwanathan said, adding that a bank holding company needs to be created first. (Representational image) Former Reserve Bank deputy governor N S Vishwanathan on Tuesday said there is a need to separate governance of state-run banks from the government and pitched for doing … Read more
The maximum amount of guaranteed emergency credit line (GECL) funding under the scheme would also correspondingly increase from Rs 5 crore at present to Rs 10 crore. With a view to provide additional liquidity to crisis-ridden NBFCs and housing finance companies (HFCs), the government on Monday relaxed norms for Partial Credit Guarantee Scheme (PCGS) for … Read more