Focus more strongly on agro processing exports, tourism, health and education to create more employment for our young people, said Rajiv Kumar, Vice Chairman, Niti Aayog, in
Category: RBI–Banks
View: The mystery of India’s vanishing working capital – The Economic Times
by Andy Mukherjee Ask any small Indian firm how long it takes to get paid by larger companies, what kind of a runaround they’re given,
A second balance sheet deleveraging | Business Standard Column
This time round, it is the promoters who are grappling with intense liquidity shock In India, over the past few years, we have seen an
RBI to hold ‘structured meetings’ with bank auditors to deal with divergences – The Hindu BusinessLine
To deal with the issue of banks diverging from the prescribed asset classification norm and consequent under-provisioning, the Reserve Bank of India (RBI) has kickstarted
India needs a few mega banks to compete globally: CEA Krishnamurthy V Subramanian – The Economic Times
The Finance Ministry has been saying that India needs fewer and mega banks. Batting for PSU banks’ consolidation, Chief Economic Advisor Krishnamurthy V Subramanian has
Getting credit flows back will be next government’s challenge – The Financial Express
Banks have now been cleaning up their balance sheets for close to three years after the asset quality review process started in 2016. It was
Banking reforms must be on the top of the new govt’s agenda – The Hindu BusinessLine
As a prolonged and acrimonious Lok Sabha campaign winds to a close, the Indian electorate can now heave a sigh of relief. But the political
Yes Bank recalls bonus to former MD Rana Kapoor–Economic Times
Kapoor did not receive any bonus in fiscal 2017. Yes BankNSE -2.61 % has clawed back a total of Rs 1.44 crore performance bonus paid to
funding for sme: Offer up to Rs 1 cr overdraft to MSMEs on turnover reported in GST returns: ICICI Bank – The Economic Times
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
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
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