Here are the top opinion pieces of the day
Bank credit rose by Rs 1.57 trillion in the last fortnight of Q3FY21.
Sanjay Shah will be the bank's country head for India, effective immediately
A key question is how the BIC is to be funded. To start with, it may have to be a wholly-owned government entity
Banks will have to brace for a rollback of regulatory forbearance that was announced in the wake of Covid-19, and enhance their capital positions, the RBI said
The low valuations of state-run banks also make it difficult for them to tap the market
MFIN, Sa-Dhan, banking association in informal talks; RBI to be made party
Indian banks may see bad loans double despite signs of an improvement in the economic impact of the Covid-19 pandemic
Regulator's projections higher by 250-350 bps, analysts may have jumped gun on faster recovery
Construction may grow at 4.4 per cent in H2 - significantly better compared to other major sectors. If this really happens, it could help reverse the job losses in the informal sector to some extent
Move to increase 90-day window to 120 days to give more time to borrowers to service loans
Their net revenues could expand by just about 1.8 per cent in the reporting period, according to Bloomberg estimates
Here's a selection of Business Standard opinion pieces for the day
In India, Export Import Bank of India raised $1 billion, State Bank of India garnered $600 million, and Shriram Transport about $500 million
The only feasible way to have a healthy banking sector could be making it mostly private, along with two or three large, better-run government banks, writes T N Ninan
Small and mid-sized private sector banks have reported a healthy deposit growth in the third quarter
The strong, dynamic, innovative and proactive policy response of the RBI and the government went a long way to stabilise the system
They will soon take a call on tech spending
Industrial credit, however, contracted 1.7 per cent YoY and its share in total credit was nearly 30 per cent at the end of the quarter.
The recent collapse of PMC Bank due to fraud and deficient corporate governance "has dented public confidence in UCBs"