bad loans

India must raise public spending, but it may be too much to expect from Budget 2020

India must raise public spending, but it may be too much to expect from Budget 2020

Investing in labour-intensive sectors is more effective than tax cuts.
Another major scam rocks India’s fourth largest bank

Another major scam rocks India’s fourth largest bank

Bank says it has been defrauded of $555 million.
Modi’s former top economist says India overestimated its GDP growth numbers

Modi’s former top economist says India overestimated its GDP growth numbers

Reliable GDP estimates are required to make correct policy decisions.
Big brother’s bailout doesn’t mean Anil Ambani is out of the dumps

Big brother’s bailout doesn’t mean Anil Ambani is out of the dumps

Reliance Group has an overall debt of Rs46,000 crore.
Why opening new branches is no longer a priority for Indian banks

Why opening new branches is no longer a priority for Indian banks

For now, the focus is on trimming bad loans and going digital.
A year on, India is still reeling from its biggest bank fraud while the perpetrators are at large
Indian banks may have an over Rs30,00,00,00,00,000 bad loan storm coming

Indian banks may have an over Rs30,00,00,00,00,000 bad loan storm coming

As if the bad loan crisis at Indian banks wasn’t alarming enough, there is a ticking time bomb that can spark another crisis for the…
The 12 key takeaways from Narendra Modi’s last budget

The 12 key takeaways from Narendra Modi’s last budget

The Narendra Modi government today (Feb. 01) delivered its last annual budget. Faced with a general election in weeks from now— and the scars of…
The good, the bad, and the ugly of Narendra Modi’s economic legacy

The good, the bad, and the ugly of Narendra Modi’s economic legacy

Narendra Modi, the prime minister, was a product of the mass exasperation against the misdeeds of the previous government. The regular revelation of corruption scandals,…
With 26,000 queries pending, India’s right to information law is as good as defunct

With 26,000 queries pending, India’s right to information law is as good as defunct

Back in 2014, when the Bharatiya Janata Party (BJP) ascended to power in India, it did so on the promise of running an open government…
India’s central bank throws a lifeline at debt-hit small businesses

India’s central bank throws a lifeline at debt-hit small businesses

India’s central bank has doled out a new year’s gift to the country’s small enterprises reeling from the double whammy of demonetisation and the goods…
Ten events that rocked India’s banking industry in 2018

Ten events that rocked India’s banking industry in 2018

When the over 150-year-old US investment bank Lehman Brothers went bust in September 2008, it sparked a global financial crisis and a gradual erosion of…
Why farm-loan waivers are a waste of time and money

Why farm-loan waivers are a waste of time and money

The months leading up to a general election in India are almost always marked by competitive populism. As the country prepares to elect a new…
India throws another lifeline at its struggling government banks

India throws another lifeline at its struggling government banks

India wants to expedite the process of pulling its ailing state-owned banks out of the woods. The government will soon seek parliament’s nod to sanction…