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
Category: RBI–Banks
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
Ban on LoUs will squeeze trade edit–Economic Times–17.03.2018
The Reserve Bank of India’s (RBI) fiat to discontinue letters of undertaking (LoUs) and letters of comfort for importers to prevent their misuse is a
RBI has enough powers to supervise banking sector, says former chief C Rangarajan – The Financial Express–17.03.2018
Disagreeing with RBI Governor Urjit Patel, former central bank chief C Rangarajan today said the Reserve Bank has ‘enough powers’ to supervise the banking sector,
Urjit Patel rises to occasion: RBI governor is no ‘yes man’ to Narendra Modi – The Financial Express–17.03.2018
Urjit Patel picked a good time to find his voice. The usually reticent central bank governor robustly defended his institution after India’s finance minister blamed
Why RBI is right on bank reforms – The Financial Express–17-03-2018
Where Patel and his predecessor Raghuram Rajan have to be congratulated though, is that while banks were merrily ever-greening dubious loans, RBI inspections never uncovered
Urjit Patel is right: But Reserve Bank of India should introspect as well | Business Standard Editorials–17-03-2018—–*****
The recent scandal about fraudulent letters of undertaking (LoUs) has once again brought into the public eye the question of governance and regulation of public
RBI’s hasty move – Business Line–17-03-2018—–*****
The Reserve Bank’s move to ban the issue of letters of undertaking (LoU) — the instrument used by jewellers Mehul Choksi and Nirav Modi to
SC wants PNB probe report in sealed cover, Centre objects | The Indian Express–17.03.2018
The Supreme Court’s suggestion to file the probe report of the PNB scam in a sealed cover before it invited strong protests from the Centre
Watch out, the bond market is rebelling – Business Line–16.03.2018—–*****
Lately, neither the MPC nor the RBI have been able to make domestic interest rates dance to their tunes For a long time, market-watchers in
PNB scam: Govt snubs RBI, says it has enough powers – Times of India–16.03.2018
A day after Reserve Bank of India governor Urjit Patel sought to shift the blame for the Punjab National Bank fraud on the government, officials
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