Clipped from: https://www.business-standard.com/article/companies/bankruptcy-award-why-videocon-s-oil-gas-biz-could-come-into-focus-121072301501_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Why the group’s oil and gas business could come into focus in the controversy over the bankruptcy award It is extremely unusual for
Category: RBI–Banks
Withdrawal Symptoms: Central banking, fast and slow – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/withdrawal-symptoms-central-banking-fast-and-slow/2295940/ A central bank that falls behind may be forced to slam on the brakes, risking a recession and financial-market instability As the year
‘Significant impact on profitability of Indian banking system’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/significant-impact-on-profitability-of-indian-banking-system/article35420004.ece Ind-Ra remains cautious over the tightening market conditions, which could have an impact on funding sources Ind-Ra remains cautious over the tightening market
98% of bank accounts are fully protected with deposit insurance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/98-of-bank-accounts-are-fully-protected-with-deposit-insurance/article35491406.ece?homepage=true The DICGC Bill, to be tabled soon, insures deposits of upto ₹5 lakh in each account with banks With the government slated to
How India can become a cashless economy – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/how-india-can-become-a-cashless-economy-302210-2021-07-23 Targeted incentives will encourage consumers and merchants to consider moving away from cash. This might be achieved by reducing the cost of digital
Dubai tycoon slaps $8 bn suit on BoB, EY in New York for ignoring ‘fraud’ | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/dubai-tycoon-slaps-8-bn-suit-on-bob-ey-in-new-york-for-ignoring-fraud-121072200836_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Founder of Dubai-based firm NMC Healthcare, B R Shetty, claims it sank because the two entities turned a blind eye to a series
Inflationary situation in India is at a ‘very risky bend’: Kaushik Basu | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/inflationary-situation-in-india-is-at-a-very-risky-bend-kaushik-basu-121072201507_1.html India needs a much better curation of policy once again between the Reserve Bank of India and the finance ministry, says former CEA
Govt banks continue to have truncated boards, 10 don’t even have a chairman | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/govt-banks-continue-to-have-truncated-boards-10-don-t-even-have-a-chairman-121072300154_1.html Meeting quorum of board sub-committees becomes difficult sometimes, say bankers Illustration: Binay Sinha The talk of governance reforms at public-sector banks seems to remain on
mastercard ban: ‘Mastercard’s dual record maintenance led to RBI ban’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/mastercards-dual-record-maintenance-led-to-rbi-ban/articleshow/84623039.cmsSynopsis Mastercard is said to have failed to erase the Indian leg of the transaction data from overseas servers within 24 hours as mandated
Restructured MSME loan accounts worth over Rs 55k crore by PSBs double in 18 months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-restructured-msme-loan-accounts-worth-over-rs-55k-crore-by-psbs-double-in-18-months/2295763/ Credit and Finance for MSMEs: To provide resolution to the Covid-19 related stress of MSMEs, the RBI had extended the facility for restructuring existing
‘RBI contemplating pilot launch of digital currency in near future’ | Deccan Herald
Clipped from: https://www.deccanherald.com/business/economy-business/rbi-contemplating-pilot-launch-of-digital-currency-in-near-future-1011640.html RBI has been exploring the pros and cons of introduction of CBDC since quite some time The Deputy Governor further said legal changes
Microfinance 2.0: To make microfinance regulation better – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/microfinance-2-0-to-make-microfinance-regulation-better/2295124/ From a larger role for self-Regulatory organisations to a revision of the household-income ceiling, there are a host of measures that can help
Insolvency and Bankruptcy Code is broken. It needs to be fixed, immediately – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/insolvency-and-bankruptcy-code-is-broke-it-needs-to-be-fixed-immediately/articleshow/84595207.cmsSynopsis While 4,540 insolvency cases have been admitted for Corporate Insolvency Resolution Process (Cirp), significant recovery has materialised only in a handful of cases,
MSME loans risky even as banks transmitted rate cuts the most – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/msme-loans-risky-even-as-banks-transmitted-rate-cuts-the-most/articleshow/84551997.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis “Despite the restructuring, however, stress in the MSME portfolio of PSBs remains high” noted RBI’s latest financial stability report (FSR). ” Given the
On banks and RTI: SC hearing issue again. More financial disclosures will balance privacy & transparency
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/on-banks-and-rti-sc-hearing-issue-again-more-financial-disclosures-will-balance-privacy-transparency/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Hope fades for PSBs | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/hope-fades-for-psbs-121072001639_1.html Govt cannot keep infusing capital perpetually Public sector banks (PSBs) are reported to have written off about Rs 8 trillion worth of loans
Card games – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/faced-with-non-compliance-with-its-regulations-the-rbi-had-little-choice-but-to-crack-down-on-mastercard/article35429435.ece?homepage=true The central bank has taken a dim view of Mastercard’s non-compliance – REUTERS The central bank has taken a dim view of Mastercard’s
Banks once again move top court to keep inspection reports hidden | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-once-again-move-top-court-to-keep-inspection-reports-hidden-121071901318_1.html The inspections are done by RBI and not even bank staff, except top brass, are allowed to see it. But a 2015 SC
IDBI Bank stake sale: Government to first gauge investor response to IDBI stake sale – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/govt-to-first-gauge-investor-response-to-idbi-stake-sale/articleshow/84537794.cmsSynopsis The response and challenges will be assessed and, based on that, a strategy will be formulated for future privatisation in the financial sector,
Bank nationalisation: 52 years and ticking | Business Standard Column
Nationalisation has served its purpose. It’s time to move ahead, keeping majority ownership of the government in a few banks to serve people After taking
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