Page 2 - Banking Sector Crisis

Year in Review: Banking sector bets on reforms, mergers for revival

"Every fundamentals indicate towards higher growth and better future next year," Finance Secretary Rajiv Kumar told PTI, reflecting strong optimism going into 2020

Where can you bank for your buck?

From being perceived as economic victims weighed down by bad loans, the finance sector has emerged as the villain in 2019

The uncertain times continue for banks

It is difficult to say whether the banking sector will see the worst behind it by March 2020

Best of BS Opinion: Solutions for telecom crisis, RCEP deal, and more

Here's a selection of Business Standard Opinion pieces for the day

'Triple whammy': India's property slump exposes banks to fresh crisis

Slump in property market is leaving builders struggling to repay loans to shadow lenders - housing finance firms outside the regular banking sector that account for over half of loans to developers

Govt to banks: Don't use NCLT on daily basis to resolve stressed assets

Anurag Thakur, Minister of State for Finance and Corporate Affairs, assured bankers to take decision to lend to the industry without any fear of 'witch-hunting' in future by any investigative agencies

Letter to BS: A loan-laden weak public sector bank is like a health hazard

The government must give free hand to the banking sector to revive itself

Banking sector facing 'serious crisis' on macroeconomic front: Amit Mitra

credit availability to MSME sector getting 'squeezed' as PSBs are restrained from lending

Banking to jewellery sector drops by 10%, exports to take a hit: GLEPC

Post the recent incidents, banks and other financial institutions have become stringent and are insisting on a much higher collateral security against bank finance

Few branches, ATMs: How India's banking revolution left villagers behind

Many Indians were forced to get bank accounts when Modi demonetized 86 percent of India's cash overnight in November 2016

Shedding govt stake may not make banks efficient, says Jairam Ramesh

He said there were compelling reasons for bank nationalisation. The timing was political

Problem in bond market is root cause of banking sector crisis: CAG

Mehrishi further said the central bank, in its effort to ensure that banks don't fail, has slowed down giving licences to new banks

Crisis in banking system has led to slowdown of investment flow: IL&FS

The recent crisis in the country's banking system has impacted investor sentiments, leading to some slowdown in the investment flow, a top official from IL&FS Financial Services said. The crisis, however, gives an opportunity to improve the overall processes and to built up a strong system, IF&FS Financial Services managing director and chief executive officer, Ramesh Bawa, told reporters here today. When asked about the extent of impact of the banking crisis, Bawa said, "Huge...It (crisis in banking system) has already impacted investors sentiments." In February, second largest public sector bank Punjab National Bank detected fraudulent transactions at one of its branches in Mumbai. The biggest ever banking fraud of more than Rs 13,000 crore was allegedly committed by billionaire diamantaire Nirav Modi and his associates in connivance with some officials of a Mumbai branch of the bank. Besides PNB, private sector lender ICICI Bank is also embroiled in a ...

Extend-and-Pretend model can't work forever: former banker Satyajit Das

In politics, extend and pretend has become standard procedure. Underinvestment in health, education and training saves money today but creates future costs and problems that may exceed any current ben

Banking sector crisis: Govt fixed responsibility on defaulters, says Goyal

Bad loans of PSBs were Rs 7.33 lakh cr as on June 2017, compared to Rs 2.75 lakh cr as on March 2015