India’s Banking Crisis
How IndusInd Bank's profit push and lax controls drove it into crisis
IndusInd disclosed in March accounting discrepancies in its derivatives portfolio whose impact roughly equated to an entire quarter's profits
 "How IndusInd Bank's profit push and lax controls drove it into crisis")
Union Bank Q2 net up 21.07 per cent to Rs 1,848 crore on a YoY basis
Its net interest margin (NIM) improved to 3.15 per cent in Q2FY23 from 2.95 per cent in Q2FY2
 "Union Bank Q2 net up 21.07 per cent to Rs 1,848 crore on a YoY basis")
India's bad bank plan sparks concern loan prices could be inflated
There are many details about the bad bank that policy makers haven't clarified, including its ownership structure, which makes any analysis challenging
 "India's bad bank plan sparks concern loan prices could be inflated")
Budget: India to set up bad bank to manage record levels of soured debt
The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans outlined by Finance Minister Nirmala Sitharaman in a budget speech on Monday
 "Budget: India to set up bad bank to manage record levels of soured debt")
India's bad loan problem is worse than what official numbers show
Here's a look at the full extent of India's bad loan problem in selected financiers
 "India's bad loan problem is worse than what official numbers show")
How KKR's big bet on India credit became a cautionary tale for investors
Rocked by the shadow-banking crisis in India, KKR's local credit unit lost $207 million in the final nine months of 2019, wiping out nearly 40 per cent of its capital
 "How KKR's big bet on India credit became a cautionary tale for investors")
Troubled lender YES Bank's Q2 loans up 1.4% over Q1FY21 to Rs 1,66,854 cr
The loan book shrunk by 2.7 per cent in six months, when compared to outstanding loans of Rs 1,71,443 crore at end of March 2020
 "Troubled lender YES Bank's Q2 loans up 1.4% over Q1FY21 to Rs 1,66,854 cr")
Dear governor, why save the bullet? Use it now
Beyond perking up the economy, the RBI needs to ensure proper functioning of the bond market, the credit market and the larger financial system
 "Dear governor, why save the bullet? Use it now")
Question marks remain over YES Bank rescue
The revised rescue plan for YES Bank looks better but it remains to be seen if it will be adequate to repair the damage done to confidence in the bank
 "Question marks remain over YES Bank rescue")
It's the incentives, stupid
The most important post-mortem required after the YES Bank crisis is about flawed incentives of bankers and officials
 "It's the incentives, stupid")
Best of BS Opinion: India's banking crisis, mass surveillance, and more
India's banking crisis, household expenditure at the time of natural disasters to mass surveillance are some of the topics our opinion writers tackle
 "Best of BS Opinion: India's banking crisis, mass surveillance, and more")
How a potential $5 bn DHFL write-off can worsen the shadow bank crisis
The potential write-off would place an additional burden on Indian banks already struggling with $130 billion of bad loans, one of the highest levels in the world
 "How a potential $5 bn DHFL write-off can worsen the shadow bank crisis")
It's a problem when the talking point is economy, not cricket or politics
Without bold action to deal with India's banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate
Corporate tax cut will not benefit banks: PNB MD & CEO S S Mallikarjuna Rao
In an interview with Somesh Jha, Rao spoke about the road map of the amalgamation and how the corporate tax cut and repo rate-linked products will impact the finances of banks
 "Corporate tax cut will not benefit banks: PNB MD & CEO S S Mallikarjuna Rao")
World's worst bad-loan mess set to worsen on India's cash crunch
The failure to slash stressed assets is undermining India's efforts to revive economic growth that has cooled to a six-year low
 "World's worst bad-loan mess set to worsen on India's cash crunch")
Banks may restart lending after Rs 70,000 cr boost but with caution
A significant portion of the capital provided would be tied up in boosting core capital and provisioning against bad debts which would limit the ability of bankers to lend
 "Banks may restart lending after Rs 70,000 cr boost but with caution")
Why this may be time to thoroughly redesign Indian banking system
Lately, India's banking system has been beset by a bad debt crisis, which is crimping credit to productive sectors, dampening domestic investment and leading to subdued employment and GDP growth
 "Why this may be time to thoroughly redesign Indian banking system")
PM Modi's message to India Inc, banks, auto firms: All will be well
Amid increasingly vocal concerns over an economic slowdown, PM Modi sought to ease fears and reassure India Inc and the world about India's growth story in an interview with a financial daily
 "PM Modi's message to India Inc, banks, auto firms: All will be well")
New fiscal mindset key to reviving growth
Recycling assets - selling brownfield projects and investing the proceeds in greenfield projects - is India's best bet for growth revival
 "New fiscal mindset key to reviving growth")
New solutions to India's banking crisis
By increasing the pace of bank licensing and inducing competition in the sector, the RBI can begin the process of much-needed reform while avoiding political interference
 "New solutions to India's banking crisis")
