Distress of Indian Banking Sector: Evidence from Indian Economy

Authors

  • Aritra Ranjan Das Assistant Professor, Dept. of Commerce, St. Xavier's College, Kolkata
  • Ram Prahlad Choudhary Professor, Dept. of Commerce, University of Calcutta, Kolkata

DOI:

https://doi.org/10.33516/maj.v55i1.74-79p

Keywords:

No Keywords.

Abstract

The ever-growing influence of the corporate houses in the politics has made them the centerpiece of decision making in the Indian banking system. From 2004 till today the activities of the banking sector has benefitted more the industrialists rather than the common people by easing the flow of public money to corporate houses either directly or indirectly. The earlier practice of aggressive lending to corporate houses by Public sector banks and recent practice of writing off bad corporate loans in large numbers has ultimately benefitted the corporate sector. The rising Non-priority sector NPA of Public sector banks has not only exposed the rampant practicing crony capitalism in Indian economy but also showcased the fragile health of Indian banking sector. The self scrutiny of the banking sector is needed to cleanse the whole banking system for the welfare of banks and society at large is utmost necessity.

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Published

2020-01-31

How to Cite

Das, A. R., & Choudhary, R. P. (2020). Distress of Indian Banking Sector: Evidence from Indian Economy. The Management Accountant Journal, 55(1), 74–79. https://doi.org/10.33516/maj.v55i1.74-79p

Issue

Section

Cover Story

References

www.rbi.org.in

Indiastat database

Comptroller and Auditor General (2017): "Infusion of Capital Funds by GOI in PSBs", Recapitalisation of Public Sector Banks, Report No. 28 (Performance Audit), Ministry of Finance, Government of India, https://cag.gov.in/sites/default/files/audit_report_files/Report_No.28_of_2017_Performance_audit_Union_Government_Recapitalisation_of_Public_Sector_ Banks_Reports_of_Ministry_of_Finance.pdf.

Shri Shiv Pratap Shukla, Minister of State for Finance (Dec 18, 2018): "Capital Infusion of PSBs by Government", Rajya Sabha, New Delhi: Press Information Bureau, Government of India, pib.nic.in/newsite/PrintRelease.aspx?relid=186589.

George Mathew, “PSU banks write off Rs 55,356 crore in six months" (Dec 4,2017), The Indian Express, https://indianexpress.com/article/business/banking-and-finance/psu-banks-write-off-rs-55356-crore-in-six-months-bad-debt-4966594/.

PNB fraud: CBI court grants bail to ex-MD Usha Ananthasubramanian", (Aug 20,2018), The Economic Times, https://economictimes.indiatimes.com/industry/banking/finance/banking/pnb-fraud-cbi-court-grants-bail-to-ex-md-usha-ananthasubramanian/articleshow/65474024.cms

George Mathew, "Rs.1.44 lakh crore: That's the record bad loan write off by banks in 2017-18" (June 15, 2018), The Indian Express, https://indianexpress.com/article/business/banking-and-finance/rs-1-44-lakh-crore-thats-the-record-bad-loan-write-off-by-banks-in-2017-18-bad-debt-npas-5218043/

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