Public Sector Borrowings

Money matters: States' borrowings at 60% of Dec target, shows data

States are allowed to go for a fiscal deficit of 3 per cent of their GSDP and 0.5 per cent relaxation is given in case they pursue power sector reforms

Govt may cut borrowings by Rs 50-75K cr in FY25 Budget: Axis Bank treasurer

In the interim budget, the government announced a gross borrowing of Rs 14.13 trillion, with a fiscal deficit target of 5.1 per cent of the gross domestic product

PSUs engine of growth, development, says Union Minister Jitendra Singh

Union Minister Jitendra Singh on Saturday said the country's public sector undertakings have lived up to the global benchmarks and they are the engine of its growth and development. Addressing an event here, he said "India, today excels in most of the global benchmarks, in some areas it is at par with other big nations, whereas in other areas it is much ahead of them." Singh, the Minister of State for Personnel, praised the public sector undertakings (PSUs) for their consistent contribution to the Indian economy and being the engines of growth and development. The rise of the Indian economy has been possible due to the contribution of the PSUs, he said. The PSUs have lived up to the global benchmarks and standards, the minister said. "It is due to their unparalleled efforts that India has risen in the global innovation index. Today, it is ranked 40 worldwide, ahead of many economies of comparable size, whereas it was at rank 81 in 2014," Singh was quoted as having said in a statem

CLSA thinks pvt banks may outperform PSBs ahead; check reasons, top picks

CLSA expects private sector banks, which have been stock market laggards over the past few months, to give better returns ahead, given a good business outlook and inexpensive valuations

India may cut borrowing on less spending time, says Mirae Asset Investment

Sovereign bonds have already rallied in recent weeks, boosted by a reduction in short-term borrowings

UK govt borrows more than expected in April, posing challenge for PM Sunak

Net borrowing excluding state-controlled banks was 20.5 billion pounds

What ails public sector banks?

Two books written by public sector bankers flag symptoms that range from seemingly small episodes to serious, reputation-ruining actions

Punjab National Bank raises Rs 1,859 crore in capital via AT-I bonds

Rating agency ICRA has assigned an "AA+" rating to the AT1 bonds of PNB

Govt may disinvest 5-10% in select PSBs to realise share market gains

As things stand, the govt has over 80% ownership in six banks: Bank of India, Indian Overseas Bank, Punjab & Sind Bank, Bank of Maharashtra, Central Bank of India, and Uco Bank

How to loot the public sector banks

Banker-borrower collusion has led to a surge in IBC cases, with pre-planned fraud that results in minimal realisable value

States borrow only 84% of Rs 1.9-trillion notified amount in first quarter

This initiative entails providing special assistance to State Governments through 50-year interest-free loans, amounting to a total of Rs. 1.3 trillion during the financial year 2023-24.

Banks renew AT-1 sales after two-month gap, PSUs lead pack to raise credit

Public sector lenders would end up issuing around Rs 13,500 cr worth of such bonds in coming weeks

Risky lending: Share of subprime borrowers higher at PSBs, shows data

The share of such loans declined between September 2020 and March 2022 in private banks and NBFCs but rose for public sector banks

Bank borrowings up 2x amid rush to fund credit growth, shows RBI data

As liquidity shrinks, lenders' reliance on short-term funding routes increases

India considers plan to reduce short-term borrowing as yields surge

The government may avoid incremental borrowing via the bills and only borrow to meet its previous repayment needs in the next quarter

Bank of England's forecasts under fire from former UK rate-setters

Five former Bank of England rate setters have attacked their old employer for going soft on inflation despite hiking borrowing costs last Thurday to a 14-year high

NFRA warns auditors against non-accrual of interest on NPA borrowings

Mere classification of a firm's loans as NPAs by lender banks does not relieve the borrower from its liability towards payment of interest or the principal, the authority says

India's high govt borrowing may be offset by lower debt issuance: ICICI Sec

Indian government's potential higher borrowing in the second half of this financial year could be offset by lower debt issuance by states, ICICI Securities Primary Dealership said.

Govt to borrow Rs 12 trn from markets in FY22, extra Rs 80,000 cr this year

Pegs fiscal deficit at 9.5% of GDP this fiscal, 6.8% the next; 10-year bond yields jump past 6% to trade at 6.09% at 12:30pm

New PSL norms may not be an immediate game changer for banking sector

Given the systemic risk aversion, credit growth may take a few quarters to revive on the back of these norms