The murky bad loan mess in the Indian banking system has turned murkier. While the efforts to recover public sector banks’ non-performing assets (NPAs), worth Rs 10 lakh crore, are yet to yield tangible results, the government seems alarmingly divided on the genesis of the NPA problem.
Are bad loans in banks the result of an organised p [...]
Contrary to the euphoria and costlier-cheaper headlines, the Constitution (122nd Amendment) Bill 2014 doesn’t spell out even the outline of the GST that India is expected to get in the future.
The passing of the GST Bill is just the beginning of a tedious political and operational voyage that should ultimately result in the implementat [...]
1. For every rupee that banks in India have lent in the nine months to December 2013, 13 paise has turned bad – RBI data
2. Stressed assets among PSU banks have reached alarming proportions of approximately 112% of equity – PWC (May 2014)
3. The cost of cleaning up banks’ balance sheets could be as high as 4 per cent of GDP — slig [...]