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Union finance minister Nirmala Sitharaman interacts with bankers in Mumbai on Wednesday(PTI)

Work with state govts to push ‘one district, one product’ agenda: Sitharaman

By hindustantimes.com, New Delhi
PUBLISHED ON AUG 25, 2021 05:04 PM IST
Finance minister Nirmala Sitharaman called for a simple approach between public sector banks so that exporters are not made to run between one bank to another scouting for a better offer.
The standing committee on finance chaired by Bharatiya Janata Party leader Jayant Sinha said in its report that the situation in the banking sector was no doubt grim(HT file photo)
The standing committee on finance chaired by Bharatiya Janata Party leader Jayant Sinha said in its report that the situation in the banking sector was no doubt grim(HT file photo)

‘Stress in banking sector should not be alibi for privatisation’, says report

By Mint Correspondent, New Delhi
PUBLISHED ON AUG 04, 2021 05:59 AM IST
  • The committee recommended that the Reserve Bank of India—the regulator—and the government—the shareholder—should formulate coherent policy responses that will enable and empower the banks.
Experts believe that banks may be more risk-averse to restructuring loans this time around, having already suffered big losses in previous restructuring efforts.(Bloomberg file photo)
Experts believe that banks may be more risk-averse to restructuring loans this time around, having already suffered big losses in previous restructuring efforts.(Bloomberg file photo)

70% of banking sector debt affected by Covid-19 impact

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON SEP 09, 2020 08:21 AM IST
A report by the Reserve Bank of India notes that the pandemic “has affected the best of companies” and businesses that were otherwise viable before the outbreak.
The reception from offshore lenders underscores the weak sentiment towards the Indian financial sector, which is already reeling from a series of defaults.(Pratham Gokhale/HT file photo)
The reception from offshore lenders underscores the weak sentiment towards the Indian financial sector, which is already reeling from a series of defaults.(Pratham Gokhale/HT file photo)

India’s coronavirus lockdown rattles lenders

Singapore | By Reuters
PUBLISHED ON APR 09, 2020 05:39 PM IST
In the past month, financial institutions including PNB Housing Finance and debut borrower HDB Financial Services have closed loans with limited syndication.
Abhijit Banerjee said the slowdown in the economy will also adversely impact poverty alleviation in the country as urban and rural sectors are interdependent.(Raj K Raj/HT PHOTO)
Abhijit Banerjee said the slowdown in the economy will also adversely impact poverty alleviation in the country as urban and rural sectors are interdependent.(Raj K Raj/HT PHOTO)

‘Banking sector is stressed, govt in no position to bail it out’: Nobel laureate Abhijit Banerjee

Jaipur | By Press Trust of India
UPDATED ON JAN 26, 2020 09:41 PM IST
AbhijitBanerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy.
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