Category: RBI&#8211;Banks

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

Banks to back staff on loan decisions with legal, financial aid – Today’s Paper – The Hindu BusinessLine

To instil confidence and a sense of security among bankers and directors so that they continue to take bona fide lending and recovery decisions without fear, banks

RBI chief hails govt reforms – MONEY & BANKING – The Hindu BusinessLine

Reserve Bank of India Governor Urjit Patel, on Friday, said one cannot and should not underestimate the sagacity and uncommon courage of the government to

RBI Monetary Policy: RBI to strengthen banks’ internal ombudsman: Can you hope for faster grievance redressal?

In case the customer is not satisfied, the customer can approach the Banking Ombudsman appointed by Reserve Bank of India of the relevant jurisdiction. Going

A game changer, IBC will have positive impact on economy: Injeti Srinivas – The Hindu BusinessLine

The Centre on Friday sought to silence critics of the Insolvency and Bankruptcy Code (IBC), who contended that the entire process was leading to “huge

India chooses between a falling rupee and a banking cash crunch – The Hindu BusinessLine

The Reserve Bank of India (RBI) faces a tough choice in how it uses its monetary muscle. Does it protect a fragile rupee or does

RBI increases interest rate | दर, दक्षता आणि धरबंद | Loksatta