A high-power group, constituted by the Institute of Chartered Accountants of India (ICAI) to look into the PNB loan fraud case, has found systemic failure at many
Category: RBI–Banks
Responsible lending: Need of the hour for India- Business News–04.04.2018
In an era, where banks and financial institutions are grappling to come to terms with an onslaught of frauds and irresponsible behaviour, a lot is
With an eye on MSMEs, SIDBI launches a slew of consumer connect programmes – The Economic Times–03.04.2018
SIDBI celebrated its foundation day on Monday as day of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate). Chairman and Managing Director of SIDBI, Mohammad Mustafa launched
RBI’s powers over PSBs: What’s the truth? – I | Business Standard Column–03.04.2018
About a month ago, reacting to the strident criticism of failing to prevent rampant corrupt practices in public sector banks (PSB), Reserve Bank of India (RBI) Governor Urjit Patel argued, perhaps
Chanda Kochhar: ‘Ms Consistency’ of Indian banking who is no stranger to crises at ICICI–The Print In–02.04.2018
The CEO of ICICI Bank has seen several ups and downs in her 25-year career. But the allegations of conflict of interest could be her toughest
Fearing spike in NPAs, NBFCs & HFCs help realtors sell better – The Economic Times–02.04.2018
Non-banking finance companies and mortgage lenders, which control the lion’s share of developer loans, are using all the tricks in the marketing and finance trade
Matter of mistrust | The Indian Express–02.04.2018
At a time when state-owned banks are facing an unprecedented NPA and corporate governance crisis, the country cannot afford any public mistrust in systemically important
ICICI Bank loan row: Seems to be work of some vested interest, says Videocon chairman Venugopal Dhoot – The Hindu–01.04.2018
Venugopal Dhoot, chairman of consumer durable-to-oil conglomerate Videocon Industries, has asserted that his firm got no favours from the Chanda Kochhar-led ICICI Bank, nor did
[ Bond Interest Rates ] A taste of markets – Business Line–30.03.2018
The Government’s decision to chop and change its market borrowing programme for FY19 is a watershed event for the domestic bond market with implications for
India GDP: India needs more reforms to achieve 8-9% growth: Nobel laureate Nouriel Roubini – The Economic Times–30.03.2018
India needs more economic reforms to achieve its potential growth rate of 8-9 per cent, Nobel laureate Nouriel Roubini said today. The noted economist also cautioned against
Forget privatisation, consolidation of PSBs can prevent PNB-like scams | Business Standard Column–30.03.2018—–*****
The US President from 1945 to 1953, Harry S Truman, had a sign on his table that read “The Buck Stops Here”. It is unclear
IBC–Liquidators allowed to sell companies as ‘going concern’ – Business Line–30.03.2018
Liquidators of companies where an insolvency resolution process has not been successful now have the option to sell them as a going concern, rather than
Bank NPAs–Can’t bank on them – Business Line–30.03.2018—–*****
The gross NPAs of all the banks in the country amounted to Rs 8.41 lakh crore at end-December. RBI’s new NPA norms are not scientific
[ RBI Vs CEA ] No one wins | The Indian Express–29.03.2018
The time is also opportune for a larger debate on accountability mechanisms such as oversight of the Indian central bank by lawmakers on the lines
Insolvency Bankruptcy Code: IBC panel seeks to draw more bidders, cut losses – The Economic Times–29.03.2018
The committee reviewing the Insolvency and Bankruptcy Code (IBC) has proposed that a case admitted for resolution can be withdrawn if 90% of creditors agree, implying that
A temporary reprieve: Bond market cheer may fade due to underlying problems | Business Standard Editorials–29.03.2018
On Monday, the Union government released details of its plan for market borrowing in the first half of the coming financial year. In what came as a pleasant surprise
Decision on loan default disclosure norms still with board: SEBI chief – Business Line–29.03.2018
SEBI chief Ajay Tyagi on Wednesday said the decision on the proposed norms necessitating listed companies to make urgent disclosures about all major loan defaults
Insolvency and Bankruptcy Code: View: Resolution plans under IBC should adhere to principles of natural justice – The Economic Times–28.03.2018
Any transfer of such assets requires approval of 75% shareholders in a general body meeting. By M Umarji A new section 29A has been inserted
Insolvency and Bankruptcy: IBC panel eases insolvency rules for MSME owners, vastly improve prospect of being acquired, revived – The Economic Times–28.03.2018
The Insolvency and Bankruptcy Code review panel called for sweeping changes in the law aimed at easing insolvency rules for small enterprises and providing relief to home buyers by
IBC–Welcome changes to resolution rules–Economic Times-28.03.2018
A panel to review the Insolvency and Bankruptcy Code (IBC) has reportedly recommended treating homebuyers as financial creditors to provide them relief. It also wants
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