Public Sector Banks

Public sector banks are stable now after PCA: Nirmala Sitharaman

Referring to TMB's deposit base of Rs 41,000 crore and advance portfolio of Rs 32,000 crore, Sitharaman said: "If that is the rapidity with which you are using the money to make more businesses work, it is possible to be more efficient if you adopt complete technology related solutions."

Resolving NPAs~II

Even the much-hyped IBC’s recovery track record is not that impressive which should cause a great deal of concern considering the reform agenda behind its coming into existence. One big question bothers a lot: where are we heading with an average hair cut of 70 to 75 per cent? Things are no better with the advent of forensic audits since auditors are made to deal with lack of cooperation from parties and banks