In the wake of the Rs 13,000 crore PNB fraud, this week saw senior officials of all public sector banks meeting up in the capital
Category: News of interest
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Finance Ministry returns Urjit Patel’s volley saying RBI has enough powers: Report–Business Today–17.03.2018—–*****
While the country’s biggest banking fraud with the Punjab National Bank at its epicentre is still unravelling, two major questions are yet to be fully
cyber attacks: India’s cyber security chief avoids netbanking | India News – Times of India–17.03.2018
Even as the government promotes more digital transactions, the country’s cyber security chief Gulshan Rai said on Thursday he rarely does any internet banking himself
cyber security: Age limit for going online? How threat to children can be tackled | Delhi News – Times of India–17.03.2018
If there can be an age limit for driving a car, then why shouldn’t there be one for using the internet?” This was one of
Cyber crime becoming industry, may occur ‘very often’: Rajnath Singh | India News – Times of India–17.03.2018
Home Minister Rajnath Singh on Wednesday said cyber crime has become an industry globally and that such offences may occur “very often” due to the
RBI: Wisdom of RBI’s move to restrict trade finance instruments questionable – The Economic Times–17.03.2018
On moving from LoU to bank guarantee or Letter of Credit funding, bank charges will be higher. Hence, there will be difference of 0.5-1% in
Ban on LoUs will squeeze trade edit–Economic Times–17.03.2018
The Reserve Bank of India’s (RBI) fiat to discontinue letters of undertaking (LoUs) and letters of comfort for importers to prevent their misuse is a
RBI has enough powers to supervise banking sector, says former chief C Rangarajan – The Financial Express–17.03.2018
Disagreeing with RBI Governor Urjit Patel, former central bank chief C Rangarajan today said the Reserve Bank has ‘enough powers’ to supervise the banking sector,
Urjit Patel rises to occasion: RBI governor is no ‘yes man’ to Narendra Modi – The Financial Express–17.03.2018
Urjit Patel picked a good time to find his voice. The usually reticent central bank governor robustly defended his institution after India’s finance minister blamed
Why RBI is right on bank reforms – The Financial Express–17-03-2018
Where Patel and his predecessor Raghuram Rajan have to be congratulated though, is that while banks were merrily ever-greening dubious loans, RBI inspections never uncovered
RBI’s hasty move – Business Line–17-03-2018—–*****
The Reserve Bank’s move to ban the issue of letters of undertaking (LoU) — the instrument used by jewellers Mehul Choksi and Nirav Modi to
SC wants PNB probe report in sealed cover, Centre objects | The Indian Express–17.03.2018
The Supreme Court’s suggestion to file the probe report of the PNB scam in a sealed cover before it invited strong protests from the Centre
Insomnia, a symptom and a disease risk | columns | Hindustan Times–17.03.2018
There’s a genetic link between insomnia and psychiatric disorders and metabolic diseases such as type 2 diabetes, according to a new study. Expanding on previous
Amend the law to let RBI discipline PSU banks–16-03-2018
It is easy to dismiss, as an attempt to pass the buck, RBI governor Urjit Patel’s anguished plea for greater legislative powers to stop scams
Why RBI is right on bank reforms – The Financial Express–16.03.2018
Reserve Bank of India Governor Urjit Patel sounds a bit self-serving when he quotes the IMF and World Bank’s FSAP report as saying the central
PNB scam: Govt snubs RBI, says it has enough powers – Times of India–16.03.2018
A day after Reserve Bank of India governor Urjit Patel sought to shift the blame for the Punjab National Bank fraud on the government, officials
Governor’s lament | The Indian Express–16.03.2018
“Success has many fathers, failures none, Hence, there has been the usual blame game, passing the buck, and a tonne of honking, mostly short-term and
The passage of the finance bill without discussion is a new low in the parliamentary process | editorials | Hindustan Times–16.03.2018
The passage on Wednesday of this year’s finance bill, 21 amendments in tow, marks a low in the Indian Parliamentary process. Over the years, disruptions
Media think they’re on a pulpit: CJI – The Hindu–16.03.2018—–*****
Chief Justice of India Dipak Misra said on Thursday that the press should not think they are “sitting on some pulpit.” The Chief Justice’s remarks
Credit tangle: on LoU ban – The Hindu–16.03.2018
A month after the ₹12,800-crore letters of undertaking (LoUs) fraud at Punjab National Bank came to light, the Reserve Bank of India has decided to
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