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
Category: RBI–Banks
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
Regulator, auditor should be held responsible for frauds in banks, says MoS Finance Anurag Thakur – The Financial Express
The regulator, auditor and management should be held responsible for fraud in Punjab and Maharashtra Co-operative Bank or other banks, Minister of State for Finance
Is deposit insurance working as it should? – The Hindu BusinessLine
Bank depositors often have to endure long waits in limbo before they are able to get their hands on the insurance money The Indian saver’s
All you wanted to know about repo-linked deposit and lending rates – The Hindu BusinessLine
As everyone cheered the 35-basis point repo rate cut in last week’s monetary policy meeting, were you wondering why such cuts never seem to trickle
Credit demand in the economy is still pretty okay, says CEA Subramanian – The Economic Times
n the long run, the fundamentals remain unchanged and therefore we will be back to the growth rate that we deserve to be at, in
Guarding the financial system | Business Standard Editorials
Reserve Bank of India (RBI) Governor Shaktikanta Das is reported to have been questioned by the central bank’s board members about frauds in the banking system.
The unsafe vaults: With the financial system hit by defaults, is it time to resurrect an old law? – The Economic Times
In the last 5 years, over Rs 3 lakh crore was infused in several loss making PSU banks with the government getting negative returns even
India Bank frauds: RBI governor faces board queries on financial frauds–Economic Times
Reserve Bank of India (RBI) governor Shaktikanta Das came under pressure at the bank’s board meeting last week, with two external directors questioning how a string of
Slowing credit growth puts economic revival hopes on shaky ground | Business Standard News
Credit growth at Indian banks has dropped to its lowest level in nearly two years, the latest Reserve Bank of India (RBI) data shows, as slowing domestic consumption
Perils of loan waivers | Business Standard Editorials
Political parties are once again busy wooing farmers ahead of the upcoming Assembly elections. The Congress, for instance, has promised farm loan waivers in both Haryana and
Lending to small units fell in Q1, says MSME report – The Hindu BusinessLine
Credit risk is building in auto MSMEs, says Pulse report There was a marked slowdown in commercial credit growth in the quarter ending June 2019
RBI stops printing Rs 2,000 denomination notes – The Hindu BusinessLine
The move to discontinue the Rs 2,000 note comes even as the National Investigation Agency (NIA) found fake currency notes in circulation. Reserve Bank of
Banks may press for commitment fees on unutilised credit limits from large, mid-sized corporates – The Hindu BusinessLine
Banks are likely to press for commitment fees on unutilised credit limits from large and mid-sized corporates as they are utilising only about a third
SBI chief to ED/CBI:Keep off companies under IBC, go after promoters – The Economic Times
State Bank chairman Rajnish Kumar on Tuesday said the Enforcement Directorate and other central law enforcement agencies should restrict to attaching personal assets while investigating
How to fix the PMC Bank crisis | Business Standard Column
Three weeks ago, Punjab & Maharashtra Cooperative Bank (PMC Bank) suddenly collapsed. It has Rs 11,500 crore in deposits from more than 300,000 people and
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