coronavirus economic crisis for Indian banks

Covid-19: An opportunity for battered banks to reinvent themselves

Banks will see their businesses and profits shrink, but quick recovery possible with some help from RBI, government. Read more »
Coronavirus impact on Indian economy

Indian economy: There is a compelling case for a massive intervention

The RBI kept itself ahead of the curve by going the whole hog and thereby keeping its promise to do “whatever it takes”. Read more »
Charan Singh, Punjab and Sind Bank

‘Good beginning by govt, RBI; but much more needs to be done’

The government and the RBI have taken some useful steps, but the situation warrants bolder measures like the ones initiated by the US and UK, says Dr Charan Singh. Read more »
RBI has maintained a pro-growth stance.

Will banks, investors read the signals from RBI right

The RBI decisions indicate that there is scope for further rate cuts in 2020, though they may not be on the same level as those effected in 2019. Read more »
India's finance ministry to encourage bankers to take bold lending decisions.

Modi govt takes steps to reassure bankers to take bold lending decisions

PSU banks have been asked to set up panel of senior officers to oversee the progress of disciplinary and internal vigilance cases to avoid harassment. Read more »
FM Nirmala Sithraman meets PSU bank chiefs

Modi govt launches e-auction platform for stressed assets of PSU banks

Gross NPAs of PSU banks declined from Rs 8.96 lakh crore in March 2018 to Rs 7.27 lakh crore in September 2019. Read more »
Arvind Subramanian says real estate at the root of bank NPA crisis and economic slowdown

Explained: Arvind Subramanian’s statement on great slowdown

The former chief economic advisor predicts big economic crisis, says Indian economy is heading to the intensive care unit. Read more »
Modi govt's IBC 2019

Govt to enact IBC amendment to protect buyers of stressed firms

The proposed amendments will remove bottlenecks and streamline in IBC resolution process. Read more »