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India Ratings upgrades outlook on banking sector to stable for FY22

India Ratings and Research (In-Ra) has upgraded the outlook on the banking sector from “negative” to “stable” for FY22. The change in outlook is driven by a reduction in the system-wide Covid-19 linked stress to below the expected levels on back of liquidity support and emergency credit support, especially to micro, small and medium units (MSMEs). Banks have also strengthened their financials by raising capital and building provision buffers, Indi-Ra said in a statement. The rating agency has upgraded its FY21 credit growth estimates to 6.9 per cent from 1.8 per cent. The credit is expected to grow at 8.9 per cent in FY22, on the improvement in the economic environment in October 2020-March 2021 (2HFY21) and the government s focus on higher spending, especially on infrastructure.

How to make India s bad bank workable

How to make India’s bad bank workable Many lenders have accumulated a large volume of stressed assets over the years. The NPA problem needs an urgent fix.Premium 9 min read Ananth Narayan Past experiments have failed because of design issues. Malaysia’s ‘Danaharta’ shows a viable way ahead If stressed loans are transferred at too low a value, the recovery might deliver supernormal profits to buyers. This could be especially problematic if the buyers are in the private sector Share Via Read Full Story MUMBAI : Given the large overhang of non-performing assets in our financial services ecosystem, there is a strong case for a one-time clean-up via a “bad bank Asset Reconstruction Company (ARC), as announced in this year’s Union Budget.

Difficulties well-handled But…

Difficulties well-handled. But…. The high infra and other spend in the budget, applauded by all, is precisely because Modi-2.0 did not go overboard in its stimulus spend like others did Share Via Email   |  A+A A- The predictable hostile comments from diehard political opponents apart, a wide spectrum of neutral opinion has welcomed the Budget 2021-22 presented by the Modi 2.0 regime. The media celebrated it and so did a wide spectrum of independent and expert opinion makers. A respected ex-RBI governor hailed it as “A reasonably good performance”. Nirmala Seetharaman’s Budget has definitely passed the test of public opinion. The public discourse endorses that an unbelievably difficult situation, within and outside India, has been well-handled by the framers of the Budget.

Economic Survey 2020-21: Key takeaways

Economic Survey 2020-21: Key takeaways Chief Economic Advisor KV Subramanian (ANI) Share Via Read Full Story Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman presented the Economic Survey 2020-21 in the Parliament today. The key highlights of Economic Survey 2020-21, which is dedicated to the COVID Warriors, are as follows: TRENDING STORIESSee All 1 min read Negative Covid report must for people travelling to Karnataka from these states 1 min read Loan moratorium case: Waiver of complete interest not possible, says SC 3 min read Maharashtra lockdown: Thackeray in favour if cases keep increasing, says Tope 1 min read Saving Lives and Livelihoods amidst a Once-in-a-Century Crisis

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