India’s 5G auction will boost Reliance’s digital plans

2021 ◽  
Keyword(s):  
Public Sector ◽  
Business Strategy ◽  
Financial Support ◽  
Content Type ◽  
Public Sector Banks ◽  
Spectrum Auction ◽  
Floor Price ◽  
The Government

Significance This came after the government announced plans for a 4G spectrum auction in March 2021, after a five-year gap. There is growing speculation that this will be followed by an auction of 5G spectrum later in the year. Impacts Reliance’s lead on 5G will boost its broader digital business strategy. New financial support to indebted telcos will help to avoid further strain on public sector banks. Data tariffs are likely to remain competitive in India, even after a new floor price.

Prospects for India in 2018

2017 ◽  
Keyword(s):  
Public Sector ◽  
Prime Minister ◽  
Content Type ◽  
Public Sector Banks ◽  
Bharatiya Janata Party ◽  
Economic Slowdown ◽  
The Government

Subject Prospects for India in 2018. Significance India’s ruling Bharatiya Janata Party (BJP) has responded to the recent economic slowdown by drawing up plans to recapitalise public sector banks (PSBs) and invest in infrastructure. Prime Minister Narendra Modi is also under pressure to create jobs. The government will be expected to deliver on its promises with elections due in around 18 months’ time.

Action at a distance

2018 ◽  
Vol 26 (1) ◽  
pp. 39-61
Author(s):  
Athula Ekanayake
Keyword(s):  
Corporate Governance ◽  
Public Sector ◽  
Long Distance ◽  
Content Type ◽  
Public Sector Banks ◽  
Good Corporate Governance ◽  
Distance Control ◽  
Action At A Distance ◽  
The Government ◽  
Case Organization

Purpose By using Latour’s notion of “action at a distance” (Latour, 1987), the purpose of this paper is to examine the ways in which the government acts at a distance to achieve corporate governance of public sector banks, and the extent to which accounting enables such actions of the government. Design/methodology/approach This study follows the qualitative research approach and adopts the case study research method. A major public sector bank in Sri Lanka was selected as the case organization for this study. Data were gathered from semi-structured interviews with organizational participants and document study. Findings The study provides evidence to suggest that inscriptions produced through four areas of accounting, namely external reporting, external auditing, management accounting and internal auditing, have the capacity to develop strong explanations enabling action at a distance and good corporate governance in the case organization. The study also provides evidence to show how the role of accounting in long-distance control and corporate governance in the case organization is influenced by various contextual factors. In particular, the study finds that undue government interference over the case organization to gain the long-distance control have resulted in deteriorating the level of corporate governance. Research limitations/implications The findings support the literature that examines the accounting in its social context. Practical implications The findings suggest that actors should be allowed to operate independently, particularly without political expedience and undue influences from pressure groups, which ensure effective utilization of accounting inscriptions by the actors in long-distance control as well as good corporate governance of public sector banks. Originality/value Although research into accounting in public sector organizations has gained considerable importance in recent times, those studies examining public sector banks are still lacking. The paper aims to fill this gap.

India elevates energy ambitions as 2019 polls near

2016 ◽  
Keyword(s):  
Public Sector ◽  
Prime Minister ◽  
Oil Price ◽  
Content Type ◽  
Public Sector Banks ◽  
General Elections ◽  
Gas Consumption ◽  
The Government

Subject Energy outlook. Significance As Prime Minister Narendra Modi's administration approaches the 2019 general elections, its key election promises are receiving increased scrutiny. On energy, the scale of ambition has increased, with targets stretching beyond 2019. The government hopes to leverage early successes to seek a second term in office to implement its agenda. Impacts Subsidies will rise when the oil price rises, although leakages will be lower. In the post-Paris summit era, the window available to India to utilise coal for growth has narrowed to 2020. The recent rise in gas consumption will continue as long as LNG prices are low and domestic coal targets are unmet. The insolvency of distribution utilities will impede their ability to fulfil their renewable purchase obligations. The problem also affects public sector banks, which hold a large proportion of the utilities' debt.

Rising bad debt risks insolvency at Indian banks

2016 ◽  
Keyword(s):  
Public Sector ◽  
Fiscal Deficit ◽  
Content Type ◽  
Public Sector Banks ◽  
The World ◽  
Growing Economy ◽  
The Government ◽  
Indian Banks ◽  
Bank Bailouts ◽  
Bad Debt

Subject India's public sector banks and bad debt. Significance While India is being lauded for being the fastest-growing economy in the world, the government is grappling with a growing bad debt problem that threatens the solvency of at least some of its public sector banks. Impacts If the government prioritises its fiscal deficit targets, financing bank bailouts would be difficult. Meanwhile, banks will cut lending, thereby choking growth. Absent a clear policy, the banking strain could intensify, leading to the actual failure of some banks.

India’s public sector will see more disinvestment

2017 ◽  
Keyword(s):  
Public Sector ◽  
Trade Unions ◽  
Think Tank ◽  
Content Type ◽  
Public Sector Banks ◽  
The Government

Subject Indian disinvestment in state-owned enterprises. Significance India’s state-owned enterprises (SOEs), also known as public sector undertakings (PSUs), include central public sector enterprises (CPSEs). Some CPSEs have become more efficient, but the government's tendency is now to privatise rather than reform, with its new policy think-tank recently recommending disinvestment in over 40 PSUs. Impacts The government may seek to disinvest in public-sector banks. Trade unions may launch strikes opposing disinvestment plans. The government may pursue labour reforms to make it easier to recruit and dismiss workers.

Indian corporations are unlikely to set up banks

2020 ◽  
Keyword(s):  
Public Sector ◽  
Central Bank ◽  
Banking System ◽  
Capital Adequacy ◽  
Content Type ◽  
Public Sector Banks ◽  
The Government ◽  
Set Up ◽  
Bad Debt

Significance The government and central bank are looking for ways to strengthen the country’s banking system, which is beset by low capital adequacy ratios (CARs) and rising non-performing assets (NPAs). India’s leading conglomerates are asset rich, and their profitability is growing. Impacts The RBI will come under pressure to increase regulation of private as well as public sector banks. Many state-owned banks will merge in a bid to reduce their bad debt. Small NBFCs will face a challenge to sustain liquidity.

India's 2016-17 growth will not meet optimistic budget

2016 ◽  
Keyword(s):  
Public Sector ◽  
Gdp Growth ◽  
Fiscal Deficit ◽  
Economic Strain ◽  
Fiscal Stimulus ◽  
Content Type ◽  
Public Sector Banks ◽  
The Government ◽  
Official Data

Significance He faced pressure to drop the government's commitment to reducing the fiscal deficit in the next few years to 3.0% of GDP, from 3.5% in 2016-17. The economic circumstances seem appropriate for a fiscal stimulus, but Jaitley has decided against this. Impacts Divestment receipts will probably undershoot targets in 2016-17. The health of public sector banks will deteriorate further if the government forces them to increase infrastructure lending. High GDP growth figures despite rising economic strain will fuel suspicions about official data.

Beleaguered Jordan will squeeze opposition space

2020 ◽  
Keyword(s):  
Public Sector ◽  
Financial Support ◽  
Attorney General ◽  
Muslim Brotherhood ◽  
Political Reform ◽  
Reform Process ◽  
Content Type ◽  
Teachers Union ◽  
The Government ◽  
The Muslim Brotherhood

Significance This comes following high tensions with teachers, who engaged in a series of widespread protests after the Attorney-General ordered the closure of the Teachers' Union and forcible dissolution of its leadership on July 25. There were scores of arrests and an unprecedented reporting ban. Impacts The government will lack capacity to fulfil economic pledges made to public sector workers in 2019. Further setbacks to the much-delayed political reform process will complicate Western pledges of financial support. If November elections are compromised, the current government of Omar al-Razzaz could face dissolution. Negotiations for Emirati aid could lead to harsher measures against the Muslim Brotherhood and Turkish or Qatari influence.

Analysis of Financial Performance of Public Sector Banks in India: CAMEL

2020 ◽  
pp. 097674792096686
Author(s):  
Yudhvir Singh ◽  
Ram Milan
Keyword(s):  
Public Sector ◽  
Banking Sector ◽  
Positive Impact ◽  
Secondary Data ◽  
Capital Adequacy ◽  
Factors Affecting ◽  
Public Sector Banks ◽  
The Government ◽  
And Performance ◽  
Asset Quality

Public sector banks have been merged by the government in the last few years. This is the rationale behind conducting this study. The purpose of this article is to determine the factors affecting the performance of public sector banks in India and the interrelationship between bank-specific determinants and performance of public sector banks. In this article, we shall analyse the financial data of all the public sector commercial banks for a period spread across 11 years (2009–2019); Capital adequacy, Assets quality, Management efficiency, Earning, and Liquidity (CAMEL) has been used as a performance determinant; system generalised method of moments (GMM) analysis has been used to find the effect of determinants on the performance measurement of public sector banks; and CCA (canonical correlation analysis) has been used to find the interrelationship between the bank-specific determinants and the performance of public sector banks. The finding has important implications in terms of performance in the banking sector. Certain limitations of this study are: It is based on secondary data. The study only covers the financial aspects and not the non-financial aspects. It is found that the asset quality is negatively related with performance of public sector banks. Liquidity and inflation are inversely related to performance of public sector banks in India. Capital adequacy is positively related with banks’ performance, but inversely related with banks’ interest margin. GDP growth has a significant positive impact on banks’ performance, but inversely related with banks’ interest income. Inflation rate is inversely related with banks’ performance. Banking sector reforms are insignificantly related with banks’ performance.

The impact of perceived service quality dimensions on customer satisfaction

2017 ◽  
Vol 35 (3) ◽  
pp. 411-430 ◽  
Author(s):  
Rishi Kant ◽  
Deepak Jaiswal
Keyword(s):  
Public Sector ◽  
Customer Satisfaction ◽  
Service Quality ◽  
Corporate Image ◽  
Content Type ◽  
Perceived Service Quality ◽  
Public Sector Banks ◽  
Quality Dimensions ◽  
Service Quality Dimensions ◽  
The Impact

Purpose In the present competitive scenario in the Indian banking industry, service quality has become one of the most important facets of interest to academic researchers. The purpose of this paper is to determine the dimensions of perceived service quality and investigate their impact on customer satisfaction in the Indian banking context, with special reference to selected public sector banks in India. Design/methodology/approach On the basis of the empirical study, the authors validate a measurement model using structural equation modeling for investigating the impact of perceived service quality dimensions on customer satisfaction. The study sample consists of 480 respondents in the National Capital Region (NCR) of India; the data were collected through a structured questionnaire utilizing a seven-point Likert scale while implementing a purposive sampling technique. Findings The perceived service quality dimensions identified were tangibility, reliability, assurance, responsiveness, empathy, and image. The empirical findings revealed that “responsiveness” was found to be the most significant predictor of customer satisfaction. On the other hand, “image” (corporate image) has a positive but the least significant relationship with customer satisfaction followed by all other constructs. The exception is “reliability,” which is insignificantly related to customer satisfaction in Indian public sector banks. Research limitations/implications The study cannot be generalized in the context of Indian banking sectors, as it only focused on the public sector. The findings of this study suggest that the six dimensions of perceived service quality model are a suitable instrument for evaluating bank service quality for public banks in India. Therefore, bank managers can use this model to assess the bank service quality in the context of Indian public sector banks. Originality/value There is dearth of research focusing on corporate image as a dimension of perceived service quality and its effect on customer satisfaction in the Indian banking context. Furthermore, similar studies were rarely found in the Indian context, especially within the public banking sector. Hence, this paper attempts to accomplish the research gap by empirically testing the satisfaction level of a large sample of the population in NCR toward six dimensions of perceived service quality rendered by selected public sector banks in India.

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