The government has backed up and there’s no way the government can allow any bank to default,” financial services secretary Rajiv Kumar said. Express photo
Category: RBI–Banks
Finmin not seeking relaxation of RBI’s PCA framework, PSBs told to focus on core biz – Business Line–22.05.2018
The finance ministry is not seeking any relaxation from RBI in its prompt corrective action (PCA) framework and has instead asked banks to adopt differentiated
Problem in bond market is root cause of banking sector crisis: CAG | Business Standard News–21.05.2018
Comptroller and Auditor General (CAG) of India Rajiv Mehrishi today said the root cause of banking sector crisis in India is the problem in bond market as the RBI acts as
Await rate hikes, era of cuts may be over – The Hindu–21.05.2018
Inflation may spur shift in RBI stance While the market is, in general, expecting yet another pause from the Reserve Bank of India when it
Start cutting staff of PCA banks to help them survive – The Financial Express–19.05.2018
If these banks are to have any hope of turning around, fixing the staffing has to an integral part of any turnaround plan. At a
RBI’s Feb Circular: Finance Ministry keeps up demand for relief on insolvency trigger – The Financial Express–19.05.2018
Stressed PSBs said in Thursday’s meeting with the ministry that they would be affected by the RBI rule. The finance ministry will renew calls for
bad loans: Deadlines likely for turnaround of PSU Banks under RBI watch – The Economic Times–18.05.2018
The government is looking to impose strict deadlines on banks that are under the Reserve Bank of India’s watch to implement a turnaround plan. This
PNB: About time PNB takes some rest from banking activity; here’s why–Economic Times–18.05.2018
By Andy Mukherjee Other than the embarrassment of asking the country’s second-largest state-run lender to, well, stop lending, there’s no other reason why India should
PNB Fraud: Nirav Modi scam: US court wants PNB staff probed–Economic Times–18.05.2018
A New York court has called for an investigation into the role of Punjab National Bank employees in the alleged fraud involving Nirav Modi, before deciding
Careful with the CBI, expect to hit lending – The Financial Express–16.05.2018
Bank lending to industry grew just 0.7% in FY18, after contracting 1.9% in FY17 – will get worse with spooked bankers. On the face of
Free banking services out of GST net: FinMin official – Business Line–16.05.2018
Free banking services like cheque book issuance and ATM withdrawals is likely to remain out of the ambit of the GST, a senior finance ministry
[ बॅंकेबाबत ] ना ‘देना’ ना लेना.. | लोकसत्ता अग्रलेख –१५.०५.२०१८
बुडीत कर्जाचे प्रमाण वाढल्याने आता देना बँकेवरही रिझव्र्ह बँकेने आर्थिक निर्बंध घातले असून आणखी काही बँका याच मार्गावर असणे चिंताजनक आहे.. भांडवली बाजारात सोमवारी देना
Power sector NPAs are not a banking problem–Economic Times–14.05.2018
Around 22% of India’s installed power-generation capacity burdens Indian banks as non-performing assets (NPA). There is little scope of restructuring them through the Insolvency and
Public sector banks may seek early recapitalisation on new NPA rule – Business Line–14.05.2018
The Reserve Bank of India’s revised framework for resolution of stressed assets may lead to public sector banks calling for an earlier recapitalisation by the
Rupee continues its free fall against US dollar: Should India be worried?–Business Today–10.05.2018
After breaching the 67-mark against the US dollar on Monday, the Indian rupee slipped by 7 paise to trade at 67.20 against the USD. The
RBI refuses to ease NPA norm, shocks power sector–Deccan Chronicle–10.05.2018
Dashing the hopes of 40,000 mw stressed power projects, a top government official on Tuesday said RBI is not in favour of any special forbearance
[ Exchange Rate ] Take the long view | The Indian Express–09.05.2018
The concern is largely fuelled by oil: Brent crude is now trading at around $ 76 per barrel, its highest since November 26, 2014. The
[ Exchange Rate ] Hot-money risks seen rising as India courts ‘bond tourists’ – The Hindu–09.05.2018
A series of measures from the central bank to lure foreign buyers into the country’s short-term debt market could easily backfire, investors fear, exposing the
Rupee’s dancing to more tunes this year – The Hindu–09.05.2018—–*****
The Indian currency has been facing some selling pressure for the last 4-5 weeks, chiefly on the back of rising crude price. The rupee fell
RBI’s rescue act | Business Standard Editorials–08.05.2018
At the moment, few things seem capable of dissipating the gloom that has descended on India’s bond markets. In its latest effort to cheer up the market,
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