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,
Category: RBI–Banks
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
IBA to soon move application to RBI for setting up Rs 6,000-cr bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/iba-to-soon-move-application-to-rbi-for-setting-up-rs-6000-cr-bad-bank/articleshow/84519198.cmsSynopsis With registration of the company, the process for putting an initial capital of Rs 100 crore is on as per the guidelines, the
Ball in RBI’s court: HDFC Bank on ban on issue of new credit cards | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/complied-with-85-of-rbi-s-asks-on-technology-says-hdfc-bank-s-md-121071700838_1.html HDFC Bank was asked to pay a fine of Rs 10 crore earlier this year by the RBI HDFC Bank HDFC Bank has complied
RBI must sacrifice inflation aim to aid growth: Ex-Guv Rangarajan | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-must-sacrifice-inflation-aim-to-aid-growth-ex-guv-rangarajan-121071600096_1.html India will miss its fiscal deficit target of 6.8% of GDP by at least 1 percentage point, he said C Rangarajan, former RBI
Rupee turns weakest BRICS unit despite record $ inflows – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/rupee-turns-weakest-brics-unit-despite-record-inflows/article35386283.ece Effect of dollar mop-up by RBI, rising crude prices and fear of US taper The rupee has lately been the weakest among BRICS
Shaping India’s Bad Bank – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/finance/story/shaping-indias-bad-bank-300658-2021-07-08 Government and RBI are working to make the National Asset Reconstruction Company a reality. Here’s why we must learn from global experience After
Explained: Curbs on foreign card firms | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/foreign-card-payment-network-curb-on-new-customers-rbi-restrictions-7408619/ The RBI has barred Mastercard, American Express & Diners Club from enrolling new customers for not storing their data in India. What are
CBI books Fedderes Electric and Engineering Limited, its promoters in bank fraud case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/cbi-books-fedderes-electric-and-engineering-limited-its-promoters-in-bank-fraud-case/articleshow/84477906.cmsSynopsis The agency has alleged that the company produced fabricated account books, misrepresented figures to borrow funds and siphoned off various loan proceeds. The
A 19-month wait: RBI action on Mastercard again shows why it is urgent to have an omnibus data protection law
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/a-19-month-wait-rbi-action-on-mastercard-again-shows-why-it-is-urgent-to-have-an-omnibus-data-protection-law/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
MSME credit and gold loan companies – lenders of last resort for fund starved small businesses – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/msme-credit-and-gold-loan-companies-lenders-of-last-resort-for-fund-starved-small-businesses-301355-2021-07-14 Commercial lenders are shying away from their primary business as they turn risk averse despite the government and the Reserve Bank of India
Bar on Mastercard: YES Bank, Bajaj Finserv, RBL to be most affected – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/co-branded-cards-exclusive-bank-tie-ups-to-get-impacted/article35335400.ece?homepage=true Many moving to Visa, RuPay YES Bank, RBL Bank and Bajaj Finserv will be most impacted by the Reserve Bank of India decision
An imperfect bonding | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/an-imperfect-bonding-121071501500_1.html Retail participation in govt bonds needs reforms The Reserve Bank of India (RBI) has taken another big step to encourage retail participation in the government
Banks may encounter legal hurdles in invoking personal guarantees | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-may-encounter-legal-hurdles-in-invoking-personal-guarantees-121071401447_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Experts say most promoters don’t register assets under their names Some foreign banks hire detectives to gather information on promoters’ assets stashed overseas,
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