Last month someone posted a very interesting link on Twitter: https:// http://www.newyorkfed.org/ research/epr/2018/ epr_2018_political-origins_sastry.html It is about something that matters in the current Indian context: The
Category: RBI–Banks
Nothing called partial defaulters, IBC must apply equally to all: RBI | Business Standard News
The Reserve Bank of India (RBI) in its submission to the Allahabad High Court, which is hearing a case filed against the Insolvency and Bankruptcy Code (IBC),
Former Bhushan Steel promoter Neeraj Singal held for siphoning off Rs 20 bn | Business Standard News
The Serious Fraud Investigation Office (SFIO) has arrested Bhushan Steel’s former promoter Neeraj Singal after an investigation was conducted on the company and the promoter. The SFIO arrested him
Don’t ignore risks | Business Standard Editorials
The Union government will reportedly hold discussions with the Reserve Bank of India (RBI) in an attempt to have the regulator dilute the capital requirements for Indian
Apex court takes a judicious step back
The Supreme Court has ordered reversion to the National Company Law Tribunal (NCLT) of the Jaypee Infratech Ltd (JIL) resolution process, through which one major
Let banks defend bonafide employees
Banks are reportedly planning to defend their existing and retired employees when they are hounded by investigating agencies. Legal and financial support to bonafide bankers
NPA: Retail loan is not a nirvana, former RBI deputy governor SS Mundra warns bankers – The Economic Times
SS Mundra, a former deputy governor of the Reserve Bank, today raised concerns over banks increasingly shifting their focus more onto retail loans than corporate
PSB privatisation will take care of governance issues: IMF report – The Hindu BusinessLine
More aggressive disinvestment and privatisation of public sector banks (PSBs) would address some of the structural issues in governance, such as incentives and efficiency of
Banks have first right over pledged assets, rules tribunal – The Economic Times
In a landmark ruling, the appellate tribunal on matters related to the Prevention of Money Laundering Act has ruled that Enforcement Directorate cannot claim rights over assets
PSU banks’ NPAs decline by Rs 1.29 lakh cr in FY18 – The Hindu BusinessLine
Public sector banks’ non-performing assets declined by Rs 1,28,229 crore in FY18 due to write-offs, including compromise settlement. This is about 60 per cent higher
Why the run up in private banks may need watching – The Hindu BusinessLine
It is not unknown that private sector banks—with better earnings visibility and a somewhat more resilient show—have been the darlings of the market in the
Government may clip wings of wilful defaulters soon – The Economic Times
India may stop wilful defaulters with loans exceeding Rs 50 crore from travelling overseas without prior approval as part of a crackdown on promoters looking to leave
Let banks defend bonafide employees
Banks are reportedly planning to defend their existing and retired employees when they are hounded by investigating agencies. Legal and financial support to bonafide bankers
Stressed power assets: RBI should amend order, says panel – The Financial Express
The RBI’s February circular stipulates a one-day default rule on term loans, which mandates treating a borrower who misses repayments as a defaulter the very
Staff accountability fixed in less than 2% NPA cases – The Financial Express
Allegations of collusion are also being investigated in the `14,000-crore letters-of-undertaking (LoU) fraud unearthed at Punjab National Bank (PNB). Bank staff have been found to
Leadership void at PSU banks with 10 banks headless by this month end – The Economic Times
Since April this year, there has been vacancies for the CEO’s post at Andhra Bank, Dena Bank and Punjab & Sind Bank. Seven government-owned banks
bad loans: Government to hold talks with RBI to leave more capital with banks – The Economic Times
Central bankers are not loose cannons. What they say matters. So what did RBI governor Urjit Patel quite mean when he warned against trade wars
Undeclared NPAs in FY18 still at Rs 3 lakh crore – The Economic Times
There are over Rs 3 lakh crore worth of undeclared non-performing assets in the books of banks as of March 2018. These are by borrowers who have defaulted to
Project Sashakt: PSBs will need Rs 1.3 trn to tackle bad loans, says panel | Business Standard News
Public sector banks (PSBs) will need an additional capital of Rs 1.1-1.3 trillion over the next two years to implement a five-point strategy to tackle bad
Banks lost ₹32,000 cr to frauds in FY2017-18 – The Hindu BusinessLine
There has been a jump in the quantum of funds involved in frauds in banks and other financial institutions during the year 2017-18. As per
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