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Harassment fears hold back PSU banks from lending to private sector

Wednesday, July 31, 2019, 8:13 PM

PM Modi's biggest challenge to kick-start a slowing economy in his second-term has become even more daunting because of the low investment by the private sector. GDP growth in the fourth quarter of the last fiscal year came down to a five year low of 5.8%, causing concerns among the policy makers. However, weak private investment had remained a challenge throughout PM Modi's first-term(2014-19).
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RBI-Govt parleys: PCA norms could be eased for some better-off lenders

Monday, January 14, 2019, 7:34 AM

The finance ministry and the RBI are expected to soon work out some relaxation in PCA framework for stressed banks. This will be available only to those lenders that have shown considerable improvement in addressing bad loans. As-if-now, 11 state-run banks and one-private-lender are under the PCA framework, which prevents them from riskier lending and expanding branches, among other curbs, until they recover.
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Govt is said to push RBI to lift lending curbs on some banks

Tuesday, November 27, 2018, 8:46 PM

The Indian government will push its central bank to ease lending restrictions for some weak banks and review rules governing its functioning at a board meeting next month, people with knowledge of the matter said. The RBI will also have to come with a plan to prevent banks accumulating bad loans rather than just penalizing weak lenders with restrictions on lending, the people said.

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