RBI has the power to call a meeting of a non-state bank’s directors, get one or more of its officers to attend board meetings, appoint
Category: RBI–Banks
Hit hard by Nirav Modi fraud, PNB embarks on ‘Mission Parivartan’ drive | Business Standard News–21.03.2018
Hit hard by Nirav Modi fraud, Punjab National Bank (PNB) has embarked on Mission Parivartan, a 10-pronged transformation strategy to strengthen one of the oldest
Private banks’ market share to touch 50% in 5 years: Uday Kotak | Business Standard News–21.03.2018
Rapid adoption of technology across banking systems will help private sector banks increase their market share from the current 30 per cent to 50 per
Rs 127-bn PNB scam and NPA crisis are contributing to banking paralysis | Business Standard Column–21.03.2018
A spectre is haunting the Indian economy today — the spectre of banking paralysis. If it lingers for too long, it could seriously undermine the
Rai alleges communication breakdown between Banks Board Bureau and govt | Business Standard News–20.03.2018
Banks Board Bureau (BBB) Chairman Vinod Rai on Monday hit out at the government for sitting over its slew of recommendations for public sector banking
Public sector banks: Buck passing between RBI and Ministry of Finance | Business Standard Column–19.03.2018
Last week, Urjit Patel, among the most reticent and shy governors of the Reserve Bank of India (RBI) in recent memory, broke his habitual silence
Face-off or glasnost? It will be clearer if govt goes ahead with reforms | Business Standard Column–19.03.2018
It will be simplistic to describe the recent statement from Reserve Bank of India Governor Urjit Patel on the need to make bank regulation ownership-neutral
Economy+Budget–+ PNB scam fallout: Probably some PSBs no longer need to exist, says Debroy | Business Standard News–19.03.2018—–*****
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to
India’s financial system and crisis: Dealing with this air pocket | Business Standard Column–19.03.2018—–*****
The financial system has run into a spot of difficulty, with a combination of events in banking, import financing, bond markets, capital flows, etc. This
Insolvency and Bankruptcy Code: The trouble with resolution professionals | Business Standard News–19.03.2018
As the first flush of stressed assets under the Insolvency and Bankruptcy Code enter the final resolution phase, there are increasing instances of actions of
Insolvency and Bankruptcy Code: IBC panel for allowing lenders to invoke personal guarantees – The Economic Times–17.03.2018
The panel reviewing the Insolvency and Bankruptcy Code (IBC) has proposed that lenders to defaulting companies should be allowed to invoke personal guarantees, which in
PNB scam: Bank to focus on internal audits, recovery, small depositors | Business Standard News–17.03.2018
Punjab National Bank (PNB) has decided to increase the number of internal audits and increase focus on recovery of bad debts in the aftermath of
Who will buy the Rs 4.6 trillion bonds? Market bets on banks’ return | Business Standard News–17.03.2018—–*****
With banks staying out of the bond market, fearing rising mark-to-market losses, and foreign investors exhausting their investment limit, the question is who will buy
RBI needs to work with govt to take action against PSBs, says Rangarajan | Business Standard News–17.03.2018—–*****
C Rangarajan, former head of the country’s Reserve bank (RBI) says the regulator does have formal supervisory powers over government-owned lenders but also needs to
Cleaning The NPA Mess-Minhaz Merchant – BW Businessworld–17.03.2018
Non-Performing Assets (NPAs) are both a political and financial problem. Humongous NPAs were created during the UPA1 and UPA2 governments. But lax monitoring by the
The Overhaul Blueprint- Business News–Business Today–17.03.2018—–*****
Steps that government, regulators and banks need to take to make the banking system more competitive, efficient and less fraud-prone. State Bank of India (SBI),
When Haste is Waste- Business News–Business Today–17.03.2018
Punjab National Bank’s haste in announcing the Nirav Modi episode as a $1.77 billion scam-instead of the current outstanding $751 million (Rs 4887 crore)-may have
Bond not the Best- Business News–Business Today–17.03.2018—–*****
Rising bond yields and the resulting treasury losses are telling on profitability of banks. Yield on the benchmark 10-year government securities (G-sec) surged 67 basis
PNB fraud fallout: State-owned bank officials attend risk management workshop–Business Today–17.03.2018—–*****
In the wake of the Rs 13,000 crore PNB fraud, this week saw senior officials of all public sector banks meeting up in the capital
Finance Ministry returns Urjit Patel’s volley saying RBI has enough powers: Report–Business Today–17.03.2018—–*****
While the country’s biggest banking fraud with the Punjab National Bank at its epicentre is still unravelling, two major questions are yet to be fully
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