It’s not just bad debts that are troubling banks. The Reserve Bank of India has expressed concern over the quantum jump in overall frauds in
Day: August 30, 2018
RBI fire-fights to protect capital flows – The Hindu BusinessLine
The RBI, in its annual report, has highlighted that it has rationalised regulations to facilitate better cross-border flows in FY18. It is apparent that the
To prevent default, lenders must be proactive in monitoring credit: RBI – The Hindu BusinessLine
As default in payment is only a lagging indicator of a borrower’s financial stress, lenders need to be proactive in credit monitoring to identify financial
Call to improve bank governance – The Hindu BusinessLine
With major frauds being reported by banks in the recent past, including the ₹13,000-crore Letter of Undertaking fraud at Punjab National Bank, the Reserve Bank
Arriving at ‘fair’ value – The Hindu BusinessLine
A market for distressed assets is vital While the discussion on bank lending arrangements to large corporates is an ongoing one, the recent addition is
RBI urges govt to expedite reforms for twin balance sheet problem | Business Standard News
The Reserve Bank of India (RBI) wants the government to intensify its structural reforms to address the twin balance sheet stress as well as issues relating to taxation,
A trade war is terrible for everyone | Business Standard Column
As the trade war escalates, for the first time in 20 years the world’s second largest economy China has reported a current account deficit of $28.3 billion
Ombudsman on cards after hike in digital transaction frauds: RBI | Business Standard News
The Reserve Bank of India (RBI) on Wednesday said it will implement the ombudsman scheme for digital transactions because of a rise in complaints. According to its annual report for
Readers’ corner: Tax | Business Standard News
Within my salary bank account, there’s also a reimbursement account. When filing my tax return do I need to provide details of the reimbursement account as a
RBI Annual Report: Nearly all junked notes returned – The Financial Express
As much as 99.3% of the demonetised high-value notes returned to the banking system, the Reserve Bank of India’s annual report for 2017-18 said. (File
Now, NBFCs may be allowed to take defaulting borrowers to IBC as RBI may extend resolution framework – The Financial Express
If the resolution is not approved with 180 days, these institutions will have to initiate insolvency resolution under the Insolvency and Bankruptcy Code. India’s central
Stressed power assets: Panel to discuss ARC, no fiat to RBI under Section 7 – The Financial Express
The empowered committee on power, in its crucial meeting on Friday, could discuss a proposal to set up an asset reconstruction company (ARC) to take
Financial fraud: Ministry of corporate affairs to crack down on firms – The Financial Express
The move comes in the wake of a series of resignations of auditors from listed companies. Auditors in over 200 listed companies have resigned so
Who will own and use your data? – The Financial Express
The Srikrishna Committee submitted the draft of the Personal Data Protection Bill, 2018, to the government for its action on July 27, 2018. The Srikrishna
The depth of the next US recession – The Financial Express
The United States economy is doing well. But the next recession—and there is always another recession—could be very bad. The US Bureau of Economic Analysis
Current account deficit expected to be largely financed by FDI flows – The Financial Express
In its annual report released on Wednesday for the financial year 2017-18, the Reserve Bank of India (RBI) stated that the current account deficit (CAD)
Frauds at PSBs more than those at private banks – The Financial Express
According to the annual report of the RBI for the financial year 2017-18, public sector banks (PSBs) accounted for 92.9% of the amount involved in
IBBI levies penalty on EY partner – NEWS – The Hindu BusinessLine
Insolvency regulator IBBI has slapped a penalty of Rs. 1 lakh on Dinkar T Venkatasubramanian, insolvency resolution professional (IRP) and partner at Ernst & Young
Disclose action taken against wilful defaulters over Rs 50 cr loans: CIC – The Hindu BusinessLine
The action taken against wilful defaulters of banks loans of above Rs 50 crore should be made public by the Finance Ministry, Ministry for Statistics
GST’s ‘local’ snags – OPINION – The Hindu BusinessLine
After the introduction of GST, the powers of the State governments and other regional authorities to raise additional taxes became limited as most of these
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