Publishing Institution: Centre for Policy Research, India / Topic: Banks

Author:: Rani Mullen
Publication Date:: 07-2019
Content Type:: Policy Brief
Institution:: Centre for Policy Research, India
Abstract:: Since the turn of the century, India has continued to enlarge its development cooperation allocations and become a globally significant development cooperation partner. This brief analyzes India’s 2019-20 Union Budget for its development assistance allocations and, using IDCR’s development cooperation database, finds seven main trends in India’s development assistance allocations.
Topic:: Development, Government, Foreign Aid, Budget, and Banks
Political Geography:: South Asia and India

Author:: Rajiv Kumar, Geetima Das Krishna, and Ankit Bhardwaj
Publication Date:: 01-2016
Content Type:: Working Paper
Institution:: Centre for Policy Research, India
Abstract:: The Indradhanush framework with its seven pronged plan was unveiled by Finance Minister Mr Arun Jaitley on 14th August 2015 for revamping Public Sector Banks (PSBs) of India. In this paper, we look at the deteriorating profitability, asset quality, capital position of PSBs along with previous bank recapitalisation expenditure of the government. The seven reform initiatives in Indradhanush are compared with Nayak Committee recommendations. We summarise that Indradhanush does not propose any ground-breaking reforms for the PSBs. Re-capitalisation or infusion of capital into PSBs is its central theme. This opens up a debate on whether the capital infusion is adequate for all banks. Given various constraints for the government, we feel Indradhanush is definitely the step in the right direction. It does incorporate some of the initiatives mentioned in Nayak Committee report but does not fully embrace the essence of the bold Nayak recommendations. PSBs accounting for 70 percent of the banking system and saddled with high NPAs will be an impediment to growth unless the government acts fast to revamp this sector.
Topic:: Government, Reform, Finance, and Banks
Political Geography:: South Asia, India, and Asia

Author:: Geetima Das Krishna and Rajiv Kumar
Publication Date:: 07-2015
Content Type:: Special Report
Institution:: Centre for Policy Research, India
Abstract:: Economic recovery remains fragile on the back of a weak consumption demand. Sustained high growth will be achieved only with an upturn in the investment cycle. The government seems to have understood the importance of pump-priming the capex cycle directly through higher public capital expenditure and front loading the expenditure. While private investment remains muted due to stressed corporate balance sheets, weak external and domestic demand prospects and commercial banks’ cautious approach to expanding credit, there are some early signs that the private investment cycle is likely to turn around in the next six to nine months.
Topic:: Government, Economic growth, Banks, Investment, and Macroeconomics
Political Geography:: South Asia, India, and Asia

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