Fixing RBI’s governance can’t be divorced from doing the same for the country’s economic governance. Economic Affairs secretary Subhash Garg makes a valid point when,
Day: November 27, 2018
The billion-dollar question on rupee: Is it going back to 69? – The Financial Express
Rupee has strengthened sharply, gaining more than 5% since the dog days of October. Around mid-August, Trump’s impending sanctions against Iran (amidst his general railing)
Government and RBI: Moving forward – Basic autonomy of RBI does need to be protected – The Financial Express
RBI does too many things, not all of which make sense from the perspective of its role as a central bank. In my last column
NBFC problem is one of insolvency, not liquidity – The Financial Express
Going by the substantial rollovers and new issuances of commercial paper (CP) by NBFCs, in November so far, there seems to be no crisis. The
RBI: Government may push RBI to lift lending curbs on some banks – The Economic Times
By Vrishti Beniwal and Shruti Srivastava The Indian government will push its central bank to ease lending restrictions for some weak banks and review rules
Government authorises PSU bank chiefs to block wilful defaulters’ exit from India – The Economic Times
PSU bank heads can block wilful defaulters’ exit from India now The government has empowered heads of public sector banks to directly request the authorities for issuance
Government may raise PCA issue again if norms not eased by RBI – The Economic Times
The government is likely to raise the issue of relaxation of prompt corrective action (PCA) framework for stressed banks with the Reserve Bank of India again if
Note-ban impact transient; economy now robust: RBI Governor to Parliamentary panel – The Economic Times
The RBI governor appeared before the panel days after the RBI’s face-off with the finance ministry over a range of issues. In an apparent defence
Credit growth to real economy healthy, says RBI – The Economic Times
On liquidity, the government argues implementation of Basel III capital norms for banks, which are lower than the norms prescribed by the central bank. As
Working on ways to help Indian firms become global giants: Niti Aayog VC Rajiv Kumar – The Economic Times
Rajiv Kumar emphasised that India’s large and growing economy should give a strong base for our companies to improve scale and become global. The Niti
credit cards: How to ensure financial safety while using credit card – The Economic Times
One must get into the habit of verifying the monthly statement to make sure there are no unauthorised transactions. Sugandh is worried about credit card frauds and
ATM Costs are Part of Overall Bank Costs–Economic Times
The reported warning by the Confederation of ATM Industry that nearly half of the 2,38,000 automated teller machines (ATMs) may shut down by March 2019
IBC has led to the resolution of unpaid claims of nearly 3,00,000 crores: Injeti Srinivas – The Economic Times
Injeti Srinivas added that cases for which resolution plans had been accepted had led to a recovery of about Rs 71,000 crore and that if
Insolvency law helped address Rs 3 lakh cr stressed assets in 2 years: Official – The Economic Times
Corporate Affairs Secretary Injeti Srinivas said there has been a direct and indirect impact of the Code on stressed assets worth close to Rs 3
Standard Chartered Bank challenges Essar Steel’s resolution plan – The Economic Times
SCB has also challenged the Resolution Plan of Arcelor as being incomplete and in violation of the IBC. Standard Chartered Bank, the third-largest secured financial creditor
Will delay in IBC cases result in bank losses? – The Economic Times
Banks are losing thousands of crores of rupees due to delays in the settlement of bankruptcy cases and rating company ICRA estimated lenders lost Rs.
UltraTech: SC okays UltraTech bid for Binani–Economic Times
The Supreme Court bench led by Justice RF Nariman rejected the Rajputana appeal, setting the stage for a formal takeover of the company by the
SC move to split pleas challenging constitutional validity of IBC offers relief to banks – The Economic Times
Banks have got more time to resolve stressed assets as the Supreme Court has asked the parties to segregate all petitions related to the Reserve Bank of
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