banks Archives - Pinfaves

PSU banks loan report: Govt banks lent this much for business, farming during coronavirus months

May 19, 2020May 19, 2020 Loknath Dasbanks, business, coronavirus, During, Farming, for, govt, lent, Loan, much, PSU, Report, This

Under the scheme, the banks provide an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore. State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between March 1 and May 15 when businesses were reeling under the impact of COVID-19 crisis. Loans sanctioned at the end of May 8 stood at Rs 5.95 lakh crore. “Loans worth over Rs 6.45 lakh crore were sanctioned…

Risk-wary banks may stall small business rescue

May 16, 2020May 16, 2020 Loknath Dasbanks, business, May, Risk-wary, Small, stall

Banks wary of bad loans could derail the government’s mega rescue package for small enterprises, industry officials said, since much of the promised money is to be given out as loans. Finance minister Nirmala Sitharaman on Wednesday announced ₹3 trillion collateral-free loans and partially guaranteed ₹20,000 crore of subordinated debt for cash-starved micro, small and medium enterprises (MSMEs). However, the whole plan hinges exclusively on greater lending by banks, which have so far preferred paltry interest from the central bank to greater returns from riskier loans. Experts said private banks…

BANKS PRESSURE HEALTH CARE FIRMS TO RAISE PRICES ON CRITICAL DRUGS, MEDICAL SUPPLIES FOR CORONAVIRUS

March 20, 2020March 20, 2020 Loknath Dasbanks, Care, Critical, drugs, Firms, for, Health, medical, On, Pressure?, Prices, Raise, SUPPLIES, to

IN RECENT WEEKS, investment bankers have pressed health care companies on the front lines of fighting the novel coronavirus, including drug firms developing experimental treatments and medical supply firms, to consider ways that they can profit from the crisis. The media has mostly focused on individuals who have taken advantage of the market for now-scarce medical and hygiene supplies to hoard masks and hand sanitizer and resell them at higher prices. But the largest voices in the health care industry stand to gain from billions of dollars in emergency spending on the pandemic, as do…

Podcast | Digging Deeper – India’s surge on World Bank’s Ease of Doing Business Index

November 4, 2018 Loknath Das-, banks, business, Deeper, Digging, doing, Ease, Index, India's, of, On, Podcast, surge, World, |

So you’ve heard the news, I assume. As the central government finds itself caught in a battle of wills with the RBI, this news should provide some cheer for the folks in the upper echelons of the administration. India has once more jumped a few places in the “ease of doing business” rankings. 23 places to be precise, so more than just a few. Besides the catchy name, what’s great about that list is that it acts as a fairly reliable weathervane for judging the business climate in any economy. The World…

Rising NPAs in education loan add to banks stress

December 30, 2017 Loknath DasAdd, banks, Education, In, Loan, NPAs, Rising, Stress, to

Education loans too have started bleeding the banking sector with the default in repayment rising to 7.67 per cent of the outstanding amount at March- end, 2017 from 5.7 per cent two years ago. As per the data compiled by the Indian Banks Association (IBA), the total outstanding education loan at end of the fiscal 2016-17 was Rs 67,678.5 crore, of which Rs 5,191.72 crore was NPA. The government is already struggling to deal with the problem of mounting NPA in the public sector banks and has drawn a mega…