Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: 3.3
Article rating: 5.0
RSS

News

India needs 3-4 global sized banks: NITI VC

Author: PTI/Friday, August 24, 2018/Categories: Banking & Financial Services

India needs 3-4 global sized banks: NITI VC

New Delhi - India needs three-four large lenders which could figure among top 200 global-sized banks, Niti Aayog vice-chairman Rajiv Kumar said today.

Kumar made a strong case for giving banking sector more freedom to take risks and provide credit to industry especially the MSME sector.

"We need to have 3-4 banks of global standard in size," he said adding they ought to figure in top 200 global-sized banks.

While speaking at an event here, he regretted that India's banking sector is highly conservative and risk averse.

"Our banking sector is high conservative. It's risk appetite is minimal and it's capacity of project assessment is not as much it should be. So, it takes recourse to safe banking," the Niti Aayog vice chairman said.

He further said that the RBI should refrain from over regulation and encourage banks to take risks and increase exposure to the MSME sector.

The central bank should take steps to enhance the lending capacity of the banks, he said, adding that India's credit to GDP ratio is very low compared to many countries.

Observing that 86% of the loans are given to the big companies, Kumar said there is an urgency to increase credit MSME sector, start up and entrepreneurs.

Print Rate this article:
No rating

Number of views (145)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free