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IDBI Bank was placed under the so-called PCA framework in 2017 over its high bad loans and negative return on assets, at a time when Indian lenders battled record levels of soured assets, prompting the RBI to tighten thresholds. ....
The distress sale of national assets is unwise Updated: Updated: March 04, 2021 12:45 IST The government’s intent to offload public sector units and banks will only result in the long-term loss of public wealth Share Article AAA The government’s intent to offload public sector units and banks will only result in the long-term loss of public wealth The origin of the ongoing crisis in the Indian economy was the fateful night of November 8, 2016. Dr. Manmohan Singh’s prescient words in Parliament that demonetisation would lead to a 2% drop in the GDP were not heeded by Prime Minister Narendra Modi. On the contrary, a badly designed and hastily implemented flawed Goods and Services Tax (GST) followed, further devastating vast numbers of medium and small enterprises, as well as the vast informal sector of the economy. Together, these twin disasters robbed millions of their livelihoods and plunged the Indian economy into a prolonged slump tha ....
IDBI Recruitment 2021 For 23 Bank Medical Officer (BMO) Posts, Apply Before February 24 Job Alert Published: Monday, February 15, 2021, 11:53 [IST] The Industrial Development Bank of India (IDBI) has recently released an advertisement inviting applications for the Bank Medical Officer (BMO) Posts purely on a contract basis. The willing and interested candidates can apply for the IDBI Bank Recruitment notification 2021 through the prescribed application format before 24 February 2021.
IDBI Recruitment 2021: Vacancy Details The IDBI Recruitment 2021 contains a total of 23 vacancies for Bank Medical Officer (BMO) posts. The interested candidates can apply by going through the official website idbibank.in. Category IDBI Recruitment 2021: Eligibility Criteria Educational Qualification: The candidate must have an MD/MBBS Degree from any recognised institute approved by the Medical Council of India in the Allopathic System of medicine. ....
Making DFIs work Project assessment skills and tax sops needed The government’s latest Budget proposes to set up a Development Finance Institution soon to fund the ambitious national infrastructure pipeline. “Infrastructure needs long-term debt financing. A professionally managed Development Financial Institution is necessary to act as a provider, enabler and catalyst for infrastructure financing,” the Finance Minister had said in her Budget speech. Finally, wisdom has dawned on the government machinery to understand the importance of development financial institutions and how callous we were in allowing Industrial Credit and Investment Corporation of India (ICICI) and Industrial Development Bank of India (IDBI) to exit from the scene. ....