ICICI Bank aims to bring in more digitised services for the MSME sector, enabling quicker payment transactions, less paperwork and faster reconciliation solutions. Pankaj Gadgil, Head
Category: RBI–Banks
Banks must turn towards global trade-finance instruments: RBI – The Hindu BusinessLine
The overdependence of local banks on overseas branches through less standardised instruments limits the scope of trade-credit operations Banks need to expand their global banking
Audit rot | Business Standard Editorials
The Union secretary for corporate affairs has warned that the firms auditing group companies of troubled Infrastructure Leasing & Financial Services (IL&FS) have “many questions
All you wanted to know about haircuts – The Hindu BusinessLine
Of late, it is not just magazines offering lifestyle and beauty tips that have been featuring discussions on haircuts. The pink papers have been devoting
MSME: A primer for availing MSME business loans: Here’s everything you need to know
By Mehernosh Tata Globally, the Micro, Small and Medium Enterprises (MSMEs) segment plays a crucial role in employment generation, driving innovation, GDP growth, and augmenting overall economic
Former Bhushan Steel CFO Nittin Johri arrested for fraudulent practices | Business Standard News
The Serious Fraud Investigation Office (SFIO) has arrested former chief financial officer of Bhushan Steel Nittin Johri for fraudulent activities, including filing false documents with various banks, according
Deloitte: IL&FS board seeks punitive action against Deloitte, BSR
The government-appointed board of Infrastructure Leasing & Financial Services has proposed punitive action against Deloitte Haskins & Sells (DHS) and BSR & Co, part of the KPMG network, said
IL&FS accounts can finally be called NPAs: NCLAT green light to banks – The Financial Express
The NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from the tribunal. The National
Inflation forecasts not accurate at times of low food inflation: RBI study – The Economic Times
Inflation forecasts by the central bank have gone awry only at time of low food inflation. In most other periods, forecasts have remained almost close to
Huge gap in 12 NPA cases’ dues with liquidation value: IBBI – The Economic Times
The resolution of 12 large accounts were initiated by banks as directed by the Reserve Bank of India (RBI). The 12 large non-performing assets (NPAs
You can get compensation for delayed re-credit if account debited due to failed ATM transaction – The Economic Times
About 16,000 complaints, or 10 percent of all customer grievances at the banking ombudsman offices in FY18, were registered under the head ‘account debited but cash not
Rs 7 trillion of corporate papers downgraded since start of IL&FS fiasco | Business Standard News
Mutual funds (MFs) and other lenders with an exposure to debt papers are feeling the heat as nearly Rs 7.5 trillion worth of corporate papers
Bad debt at US banks rises on higher credit card losses – The Hindu BusinessLine
For the biggest US banks, not all consumer debt is created equal. Credit card losses are outpacing auto and home loans at a rate not
Uday Kotak: Uday Kotak on challenges in financial sector, liquidity stress, IL&FS and more – The Economic Times
On the challenges in the financial sector We’re in the midst of one of the most significant challenges in financial sector. The next few months
The Public Interest Lies in Disclosure–Economic Times
The Supreme Court has done right to direct the Reserve Bank of India (RBI) to disclose information on defaulters and annual inspection reports under the
Reserve Bank of India: RBI moves to tighten current account operating norms to check fund diversion
In a move to tackle fund diversion, the Reserve Bank of India (RBI) has proposed sterner rules on opening and running of current accounts of corporate borrowers. Current accounts, according
Show and tell – The Hindu BusinessLine
The Supreme Court has rightly pulled up the RBI for its non-transparent disclosure policy The Supreme Court recently gave the Reserve Bank of India a
RBI: View: Supervisory independence is as important as monetary policy independence for RBI – The Economic Times
RBI’s decisions are now being questioned with uncommon frequency. A mole in the Indian Banks’ Association (IBA) headquarters in Mumbai reports a sense of quiet
RBI should disclose the list of defaulters: Congress – The Economic Times
The Congress was referring to the RBI’s November 2016 Disclosure Policy. Latching on to the recent Supreme Court judgement giving the Reserve Bank of India
Should India open up the debt market? | Business Standard Column
On April 1, the bonds of the Chinese government and its three policy banks responsible for financing economic and trade development and state investment projects
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