Pvt lenders set to tide over defaults better than peers

Interest rate data shows that private banks are better prepared to handle the post-covid loan defaults, which as things stand now, will start hitting the balance sheets of banks early next year. Meanwhile, state-led banks are trying to pump-prime the economy. Mint explains. What does the interest rate data highlight? …

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Markets could remain edgy as US elections draw closer

Stock markets may remain wobbly as last week’s sell-off comes on the back of concerns that the main street’s earnings growth does not quite reflect the soaring valuations. Stocks are also feeling the squeeze because liquidity is seeping away. Lately in September foreign investors started intensifying selling leading to ₹1,657 …

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No clamour or rush for restructuring of loan: SBI chief Rajnish Kumar

NEW DELHI : Contrary to market expectations, there was not too much demand or clamour for restructuring of loans as permitted by RBI recently to beat the COVID-19 related stress, SBI Chairman Rajnish Kumar said. He expects not more than ₹1.5 lakh crore worth loans would avail restructuring benefit even …

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Privatise select PSU banks, dilute role of DFS: Raghuram Rajan

NEW DELHI : Former RBI Governor Raghuram Rajan on Monday suggested the government to privatise select public sector banks, set up a bad bank to deal with NPAs and dilute the role of Department of Financial Services. The reforms are necessary to ensure growth of the banking government without the …

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