The Reserve Bank of India (RBI) has made Aadhaar and PAN cards mandatory for opening bank accounts. The RBI said the updated know-your-customer (KYC) requirement was subject to the Supreme Court’s
Category: RBI–Banks
Due date: Government should fully back tougher NPA norms–Times of India–21.04.2018
There are many explanations for Indian banks’ bad loan crisis, best captured by the increase in stressed assets from 5.9% of loans in March 2011
Bankruptcy: View: India turns a bad-loan tragedy into a bankruptcy farce – The Economic Times-21.04.2018—–*****
India’s banks have waited for more than a decade for a modern bankruptcy code. By Andy Mukherjee Want to screw up a good law? Just
Aadhaar card: RBI makes Aadhaar key to KYC compliance – The Economic Times–21.04.2018
The Reserve Bank of India (RBI) on Friday amended its ‘know your customer’ (KYC) guidelines, making Aadhaar key to conducting customer due diligence by banks and finance
Fraud-hit PNB takes inspiration from Bollywood; intensifies ‘Gandhigiri’ to recover NPAs – The Financial Express–21.04.2018
Sitting silently with placards outside offices and residences of defaulters, the staff of Punjab National Bank hope to name and shame such borrowers to recover
Out of currency | The Indian Express–20.04.2018
The RBI and the Union finance ministry have a lot of answering to do on the renewed currency shortage reported in many states. ATMs running
RBI minutes: Patel, most MPC members in favour of more data before changing policy stance – Times of India–20.04.2018
Favouring status quo on key policy rate, RBI Governor Urjit Patel preferred to wait for more data before changing monetary stance though he took note
Nashik press stopped printing Rs 200, Rs 500 notes due to ink shortage: Employees’ union leader – Times of India–20.04.2018
Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press here, an employees’ union leader claimed
Cash Crunch:cash crunch | कर्तृत्वाचा खडखडाट – Maharashtra Times–20.04.2018
देशातील विविध भागांमध्ये मोठ्या प्रमाणात रोख चलनाचा तुटवडा झाल्याने दुसरी नोटाबंदी आली आणि त्यातून आर्थिक आणीबाणीसारखी परिस्थिती निर्माण झाली आहे. दीड वर्षांपूर्वीच्या नोटाबंदीच्या माथेफिरू निर्णयाच्या
ATM mess a mystery: RBI must come clean–Deccan Chronicle–20.04.2018
While the RBI claims it has been meeting the demand for cash, the body that represents ATM managers say they are starved of cash and
Cash is still king: On ATMs running dry – The Hindu–20.04.2018
Nearly 18 months after the government’s decision to scrap currency notes of ₹500 and ₹1,000, which accounted for over 86% of the currency in circulation
Focus on market for resolution assets–Economic Times–20.04.2018
It is welcome that the first resolution under the Insolvency and Bankruptcy Code (IBC) has been completed, with the National Company Law Tribunal (NCLT) approving
Indian banks’ NPA woes: Privatisation no solution; stronger watchdog maybe? | Business Standard News–20.04.2018
To many economists, the solution to India’s bad-loan crisis appears as obvious as the problem: Privatize state-owned banks, which have racked up billions more in
Kotak Bank’s rise: Deserts of Diligence–Economic Times–20.04.2018
Kotak Mahindra Bank on Monday surpassed India’s largest lender State Bank of India (SBI) in market value to become the second most valued lender in
Reserve Bank of India – Speeches–Deputy Governor Mr. N. S. Vishwanathan–19.04.2018—–*****
1. Chief guest, Shri M. Damodaran, Dr. Dhingra, Director NIBM, other dignitaries on the dais, distinguished bankers, faculty and staff of the institution, proud parents,
bad loans: RBI worried over rise in one-day default norms breach – Times of India–19.04.2018
Reserve Bank deputy governor NS Vishwanathan on Wednesday raised concerns over the large number of borrowers failing on the one-day default norm, and asked the
PSB Privatisation: Former Sebi chief M Damodaran squarely blames Delhi politicians for PSB mess – The Economic Times–19.04.2018
Former Sebi chairman M Damodaran blamed the telephone calls from Delhi to Mumbai for the myriad problems that public sector banks face now and warned
New NPA resolution norms outcome oriented, flexible: RBI – The Financial Express–19.04.2018
Defending the Reserve Bank of India’s (RBI) norms on resolution of banks’ non-performing assets (NPAs), or bad loans, announced in February, RBI Deputy Governor N.S.
SBI: Cash crunch artificial, more money in circulation than before DeMo: Rajnish Kumar, SBI–18.04.2018
Cash crunch situation overrated, dispensing Rs 33K cr cash daily: SBI Chairman In an interview with ET Now, Rajnish Kumar, Chairman, SBINSE -0.34 %, says the bank had
RBI must not relax new rule – Here is why – The Financial Express–18.04.2018
Ever since the Reserve Bank of India (RBI) came up with stringent rules for identifying and dealing with stressed exposures, both banks and the government
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