It is a month now that the Reserve Bank of India (RBI) has suspended the fraud-ridden normal functioning of the Punjab and Maharashtra Cooperative (PMC)
Category: RBI–Banks
More reforms, innovation to spur Indian growth: World Bank president – The Economic Times
India must undertake financial reforms in three key areas — sound regulations for non-banking financial companies (NBFCs), allow private sector banks in a big way
India remains vulnerable to credit and debit card frauds despite measures | Business Standard News
Despite strong measures taken by the Reserve Bank of India to prevent credit and debit card fraud, the National Crime Records Bureau — in its
Credit culture needs to change – The Economic Times
The fraud at Punjab and Maharashtra Co-operative (PMC) Bank shows that there is a rot in the system and not the bank. If unchecked, it
Adopting new ways to boost MSME credit – The Hindu BusinessLine
Funding project clusters and taking collective credit guarantees can make a difference This month, bankers moved to shamiana camps in the districts for mass lending
Indian economy in transition phase, growth to come back: SBI Chairman – The Economic Times
When asked about cryptocurrency, which has been banned in India, the SBI chairman said the way the world is moving towards digitisation, at some stage,
Risk of contagion in financial sector rising: S&P – The Economic Times
In its base case, S&P expects that the resolution of weak finance companies will be “swift and orderly”, and contagion will be managed. The Indian
M&A deals set to surge further as founders face cash squeeze, says Axis Capital – The Hindu BusinessLine
The financing squeeze has already taken a toll on the country’s economic expansion, which in turn erodes borrowers’ capability to repay further Deal volumes in
For a private market in deposit insurance – The Hindu BusinessLine
Depositors’ claims can be settled faster if the DICGC acted only as a re-insurer and private/public sector players offer protection It is nearly four weeks
Banks NPA Sales: Resolution delay forces banks to put NPAs on sale–Economic Times
Banks have been forced to put nonperforming assets (NPAs) worth Rs 40,000 crore up for sale in sectors such as power, roadways and telecom in
Government to soon change definition of MSMEs: Nitin Gadkari – The Economic Times
The government will soon make changes to the definition of a micro, small and medium enterprise, Union Minister Nitin Gadkari said on Tuesday and hoped to generate
RBI: RBI bans use of agents to chase loans – The Economic Times
The dos and don’ts, according to a source, may be linked to the norms followed by the 39-member club of Financial Action Task Force. Banks will
Banks need to rapidly reinvent to strengthen profitability, boost returns: Report – The Economic Times
At a time when growth is slowing, productivity gains are fading and digital pressures are on the rise, the banking sector should consider a suite
Mutual fund securitisation deals: Mutual funds object to securitisation deals by DHFL–Economic Times
Negotiations on the Dewan Housing Finance Corp. Ltd (DHFL) debt resolution plan seem to have hit a roadblock. Mutual funds have objected to securitisation deals undertaken by DHFLNSE
SBI to conduct e-auction of 11 accounts to recover dues of Rs 467 crore – The Economic Times
The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.49 crore. In terms
How to defuse the co-operative bomb | Business Standard Column
The government is ready to bring in changes in the laws governing multi-state co-operative banks. A three-member committee is being set up to look into
DHFL exposure: RBI rejects banks’ ‘Trust’ proposal – The Economic Times
There is an impasse over the resolution plan for the mortgage lender as several mutual funds are refusing to sign the intercreditor agreement. The Reserve Bank
Bad loan crisis: View: Grab what you can in India’s bad loan melee–Economic Times
By Andy Mukherjee Snatch-and-grab is the new hallmark of Indian finance. As a banker friend in Mumbai put it to me only half-jokingly, a unit
India Economy | The Sitharaghuraman show: Dear FM, economy needs corrective action, not blame game–Economic Times
By Mythili Bhusnurmath Former RBI governor Raghuram Rajan has a rare knack for wading into controversy, whether in office or out of it. Appointed by the UPA government, he
pmc fraud: Rs 10.5 crore cash missing from PMC records: Bank’s internal investigation team – The Economic Times
PMC Bank‘s internal investigation team has made a startling revelation: A total of Rs 10.5 crore cash is missing from the bank’s records. The team has found
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