25
Sunday
February 2018
1:16 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
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.


US schools need 'offensive capability': Trump
Three bombs hit capital of Myanmar's Rakhine state
Trump announces 'heaviest ever' sanctions on North Korea
Suicide bomber in Kabul kills one, injures six
Maldives warns India against interfering in its internal affairs
This tweet by Kylie Jenner erased $1.3 bn of Snapchat’s market value
Nigeria rescues 76 schoolgirls after Boko Haram attack, others missing
Trump endorses guns for teachers to prevent school shootings
'Racist' white powder letter sent to Meghan Markle: Report
Trump backs ban on 'bump stocks' on semi-automatic weapons
Death toll crosses 200 as Syria regime pounds rebel enclave, sends fighters to face Turkey
Japan plan to build world's tallest wooden skyscraper
Nepal's two Communist parties decide to merge
Palestinian leader goes to the UN to counter US on Jerusalem
Maldives leader seeks approval to extend state of emergency
Imran Khan ties knot for third time, confirms party
Lanka Army enlists 11 former LTTE members
All 65 passengers, crew feared dead in Iranian plane crash
Saudi women to start own business without male permission
Indian-Origin Officer Neil Basu In The Running For Scotland Yard Anti-Terror Chief
ENTERTAINMENT NEWS
My job doesn't allow me to do so, says Salman
 (Mumbai, Feb 24, 2018): Salman Khan says it was not an easy journey to stardom for him, cour  
Held 'secret meet' with Rajini before political plunge: Kamal
Amitabh Bachchan starts following Cong leaders on Twitter, triggers speculation
Watch Teaser: Manju as Lalettan fan in 'Mohanlal' movie
KERALA NEWS
Veerendra Kumar condemns lynching of Madhu
 (Kozhikode, Feb 24, 2018): JD(U) state president M P Veerendra Kumar today condemned the lync
Centre seeks report on lynching of tribal man
Madhu's postmortem report out
Madhu's death: Latest developments in a nutshell
NATIONAL NEWS
3 killed in road accidents in Amethi
 (Amethi (UP), Feb 24, 2018): Three people were killed and seven injured in separate road acci
Seven SC judges to retire in 2018
EC orders repolling in six booths in Tripura, CPI(M) fumes
Jaitley slams regulators, auditors for PNB fraud
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.