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Covid-19 impact on banks’ books remains hidden: RBI report

The six-month loan moratorium and subsequent asset quality suspension rules have masked the pain on banks’ balance sheets, according to the Reserve Bank of India. The gross bad debt ratios of certain leading banks should have been higher by 19-60 basis points, had they continued to report bad loans normally, …

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The face behind a bold bet on Air India

Meenakshi Mallik, who sits on the flag carrier’s board as a director (commercial) and has worked for the airline for 31 years, is the face behind the employees’ offer to acquire Air India. While he has exuded confidence in a communication to staff who have signed up to be part …

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