'Banking crisis most infamous legacy of UPA government'
Business Standard|February 09, 2024
ABHIJIT LELE Mumbai, 8 February Raising political temperatures ahead of Lok Sabha elections, the Bharatiya Janata Party-led National Democratic Alliance (NDA) government on Thursday, in a white paper, said that the banking crisis was one of the most infamous legacies of the Congress-led United Progressive Alliance (UPA) government, which ruled the Centre between 2004 and 2014.

When the Atal Bihari Vajpayee-led NDA government took office, the gross non-performing asset (GNPA) ratio in public sector banks (PSBS) was 16 percent., and when they left office, it was 7.8 percent.. In September 2013, this ratio, including restructured loans, had climbed to 12.3 percent., largely because of political interference by the UPA government in the commercial lending decisions of PSBs.

هذه القصة مأخوذة من طبعة February 09, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 09, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

7 flights get bomb threats in 24 hours

Seven flights, including one bound for the US, received bomb threats through a social media handle on Tuesday, prompting security agencies to undertake specific counter-terrorist drills at various airports.

time-read
1 min  |
October 16, 2024
Business Standard

Avaada Energy closes ₹597 crore refinancing for its solar projects

Avaada Energy, an arm of Avaada Group, said it has closed approximately ₹597 crore ($71.1 Million) in refinancing for its commercial and industrial (C&I) solar projects in the states of Karnataka and Maharashtra.

time-read
1 min  |
October 16, 2024
Business Standard

IBM acquires SaaS firm Prescinto

Tech giant IBM said it has acquired Bengaluru-headquartered Prescinto, a leading provider of asset performance management software-as-a-service (SaaS) for renewables.

time-read
1 min  |
October 16, 2024
Business Standard

DGCA removes 'enhanced surveillance' on SpiceJet

The Directorate General of Civil Aviation (DGCA) on Tuesday removed SpiceJet from \"enhanced surveillance\" after the airline successfully raised ₹3,000 crore through a qualified institutional placement (QIP) process. The regulator will continue to conduct random spot checks of SpiceJet's operational aircraft to ensure safety.

time-read
1 min  |
October 16, 2024
PVR Inox to find its comeback role in Q4, says CFO
Business Standard

PVR Inox to find its comeback role in Q4, says CFO

PVR Inox, India's largest film exhibitor, is banking on the anticipated success of its lineup of multi-starrer movies, including Singham Again, Bhool Bhulaiyaa 3, and Pushpa 2: The Rule (the Allu Arjun starrer will be released in five languages), to restore profitability.

time-read
1 min  |
October 16, 2024
HCLTech shares hit new high on solid Q2 results
Business Standard

HCLTech shares hit new high on solid Q2 results

Brokerages bullish on stock, raise EPS target

time-read
2 mins  |
October 16, 2024
Framework for Cloud-driven AI needed: Jio exec
Business Standard

Framework for Cloud-driven AI needed: Jio exec

A general framework prioritising cloud-driven artificial intelligence (AI) and storing data in the country will be needed to fully utilise the potential of AI in India, according to a top Reliance Jio executive.

time-read
1 min  |
October 16, 2024
IndiGo gets Sebi nod to launch VC fund
Business Standard

IndiGo gets Sebi nod to launch VC fund

India's largest airline IndiGo on Tuesday said that its corporate venture capital fund - IndiGo Ventures - has received approval from Securities and Exchange Board of India (Sebi).

time-read
1 min  |
October 16, 2024
Don't mistake pullback in equities for bear market
Business Standard

Don't mistake pullback in equities for bear market

As India Inc prepares to report its performance for the second quarter of 2024-25 (Q2FY25), market movement, going ahead, will likely depend primarily on earnings growth, said VINIT SAMBRE, head-equities, DSP Mutual Fund, in an email interaction with Shivam Tyagi. Edited excerpts:

time-read
3 mins  |
October 16, 2024
Business Standard

Sentiment positive for OMCs amid lower oil prices, marketing margins

Geopolitics is impacting the energy sector with crude oil prices falling below $70/barrel (bbl) last month for the first time since December 2021. And, gross refining margins (GRMs) have collapsed to $2/bbl, due to weak demand from China.

time-read
2 mins  |
October 16, 2024