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International News
Weak banks and corporates leave India vulnerable: IMF
 
Washington, Oct 11 (PTI) The IMF today said a combination of weak banks and corporates leaves India vulnerable to a tightening in the global financial conditions, as it pressed for more steps to ensure good capitalisation in public sector banks.

A recent study, according to International Monetary Fund Financial Counsellor Tobias Adrian, showed that Indian banking sector was vulnerable given that large segments have low profitability and have large problem loans.

"We also found that Indian corporate remains highly leveraged and at high risks. So the combination of weak banks and weak corporates leaves India vulnerable to a tightening in global financial conditions," Adrian told reporters here.

Gross non-performing assets (NPA) of the public sector banks rose to Rs 6.41 lakh crore at the end of March 2017 as against Rs 5.02 lakh crore a year ago, according to a Finance Ministry data.

He welcomed the measures taken to address the problems of the banks, but said, "more needs to be done to ensure that there is good capitalisation in public sector banks and also to implement further public-sector banking reform.


Angela Merkel calls for cut to Turkey EU funding
Barack Obama returns to the political arena
Lahore High Court orders release of Hafiz Saeed
Former Bangladesh PM Khaleda Zia gets bail in graft cases
Key to India becoming Security Council permanent member is not to touch veto: Haley
Trump celebrates Diwali in White House
US-backed Syrian democratic forces confirm having captured IS-held Raqqa
Trump urges Hillary Clinton to run in 2020 presidential polls
Car bomb kills Panama Papers journalist who exposed Malta’s ties to tax havens
Abe on course for landslide win in Japan vote: Survey
12 Rohingya migrants killed in Bangladesh boat capsize
Clinton accuses WikiLeaks of blunting impact of crude Trump
Death toll rises to 189 in massive truck bomb blast in Mogadishu
Pak govt drops terrorism charges against Hafiz Saeed
Afghan police foil truck bomber in Kabul, found bombs weighing 100 kgs
North Korea readies missile launch ahead of US-S Korea drill: Report
Starting to develop much better relationship with Pak: Trump
California fire toll rises to 33, winds cause concern
UN General Assembly President met Indian parliamentarians
Pak court defers Sharif's indictment in Panama Papers case till Oct 19
ENTERTAINMENT NEWS
Konkana, Radhika Apte support #MeToo campaign
 (Mumbai, Oct 19, 2017): Responding to the #MeToo campaign on sexual harassment and assault st  
'Padmavati' experience extremely exhausting: Deepika
'Game of Thrones' scripts kept secret: Actor
Jackie Chan dreams of an Oscar someday
KERALA NEWS
Dileep makes 'Drishyam' model attempt to derail probe
 (Kochi, Oct 19, 2017, DG): The investigation team probing the actress attack case has found t
LDF understood their mistake: Chandy
2 killed as boat capsizes in Kadalundy river
Huge theft at Dileep's theatre
NATIONAL NEWS
DMK chief Karunanidhi makes public appearance
 (Chennai, Oct 20, 2017): After a gap of nearly a year, during which he was hospitalised twice
Chidambaram slams EC for not announcing Guj poll schedule
Delhi fire dept gets over 200 calls on Diwali
8 killed as portion of TN transport corpn's building collapses
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