Pitching for radical reforms in the banking sector, Chief Economic Adviser (CEA) Arvind Subramanian today said that time has come for rethinking on the ownership
Category: RBI–Banks
PNB fraud: Nirav Modi Fraud: PNB to beef up its system, processes for lending – The Economic Times–23.03.2018
Hit hard by the Rs 13,000 crore scam, PNB has decided to tighten loan disbursement and set up a monitoring mechanism to check loan slippages
PNB Fraud: Bank likely to slap civil case on staff linked to Nirav Modi–Economic Times–23.03.2018
Investigations into the Punjab National Bank fraud have found that some employees had created assets and maintained bank accounts abroad which the management and investigators suspect
RBI | Public Sector Bank: RBI asks PSB auditors to step up vigil, spot ‘scams’–Economic Times–23.03.2018
Battling with frauds and dodgy borrowers, the Reserve Bank of India (RBI) has asked auditors of state-owned banks to watch out for unrealistic cash-flow projections
All that is needed is political courage to clean up PSBs’ governance | Business Standard Column–22.03.2018
The last edition of this column spoke about the unaddressed vital reform of ownership of public sector banks that is holding back governance of these
PNB blames concurrent auditor for not flagging off SWIFT transactions | Business Standard News–22-03-2018
State-owned Punjab National Bank has blamed the concurrent auditor at its Brady House branch in Mumbai for not detecting the Rs 129-billion scam related to
Next wave of dud loans to originate from SMEs, warns Kotak – The Economic Times–22-03-2018
Noted banker Uday Kotak today warned that there is more pain lurking with the lenders from small businesses and called upon his peers to look
Banks Board Bureau has role with a holding company–Economic Times–22-03-2018
Banks Board Bureau chairman Vinod Rai is right to be miffed with the government for ignoring its recommendations to reform public sector banks. The BBB
Uday Kotak: Watch: More pain lurking for banks in SME loans, says Uday Kotak | The Economic Times Video | ET Now–21.03.2018
“The belief is that a lot of the challenges in the banking system are essentially on large businesses. I think we’ve also a pretty sensitive
Proof of concept: Govt should consider a test case for bank privatisation | Business Standard Editorials–21.03.2018
The state-controlled section of India’s banking sector continues to be a major problem for policy makers. Not only is its slow credit growth delaying the
[ Role of Banks ] Fuelling growth – Business Line–21.03.2018
The emerging narrative on the Indian economy, spelt out by the Economic Survey 2017-18 and affirmed by World Bank and credit ratings agency Fitch last
RBI==: Banking Regulation Act doesn’t wholly apply to SBI, other PSBs, regional rural banks: RBI official – The Economic Times==21.3.2018
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
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
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