Gokulnath Shetty, a middle-aged bank manager of middling rank, spent his days in the foreign exchange department on the mezzanine floor of Punjab National Bank’s
Category: RBI–Banks
Banks may have to take 60% haircut in large NPA cases under IBC: CRISIL–Business Today–06.03.02018
The cases of non-performing assets (NPAs) which have been referred to the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code
Waning Interest in Stressed Assets- Business News–06.03.2018
Insolvency proceedings against the 12 big companies are the first test of the effectiveness of the Insolvency and Bankruptcy Code (IBC) in handling non-performing assets
[ IBC–Bank NPAs ] Acting in Haste- Business Today–06.03.2018
The world’s largest economy, the US, has seen a decline in bankruptcy momentum in the last decade. From 300 bankruptcy filings (with debt of $4,09,534
These 5 banks have highest number of wilful defaulters – The Financial Express–06.03.2018
These 5 banks have the highest number of wilful defaulters In the mid of February, a hidden fraud of Rs 11,400 crore, which rose to
Who wants public sector bank reforms, anyway? | Business Standard Column–06.03.2018—–*****
Every few months, our public sector banks (PSBs) are in the news. One kind of news is about their huge losses. Some Rs 5 billion
RBI imposes penalty on Axis Bank, IOB – Business Line–06.03.2018
The Reserve Bank of India, it appears, is taking a serious view of violations of various regulations issued by it in the assessment of non-performing
Loan, deposit rates alert: They are set to go up, says HDFC MD Aditya Puri – The Financial Express–05.03.2018
In a clear indication that the rate cycle has turned, loan and deposit rates are all set to go further up, HDFC Bank managing director
Five PSBs on brink of being put under RBI’s prompt corrective action plan | Business Standard News–05.03.2018—–*****
Five public sector banks (PSBs), including Canara and Union Bank of India, are on the brink of being put under the Reserve Bank of India’s
PNB scam and NPA crisis: How to build capacity at Reserve Bank of India | Business Standard Column–05.03.2018—–*****
With the non-performing assets (NPA) crisis and the Punjab National Bank (PNB) crisis, all eyes are on Reserve Bank of India (RBI) reform. We should
Banking sector blues may hit Mudra loans – Business Line–05.03.2018
Rising non-performing assets and increasing incidence of frauds, including the alleged misuse of loans, are casting a shadow over loans disbursed by the Micro Units
PNB scam hits buyers’ credit – The Hindu–05.03.2018
Poor protection: PNB had a basic banker’s indemnity policy against employee fraud of only up to Rs. 2 cr. R.V. Moorthy Interest rates go through
Public sector banks write off NPAs worth Rs 516 crore in first half of current fiscal | business news | Hindustan Times–05.03.2018
Public sector banks have written off loans worth Rs 516 crore owed by wilful defaulters in the first half of the current fiscal, as per
[Interest Rates ]Borrowing terms | The Indian Express–05.03.2018
The State Bank of India (SBI) has raised its one-year MCLR or marginal cost of funds-based lending rate from 7.95 per cent to 8.15 per
Finance Ministry gives 15-day deadline to PSBs to detect frauds wilful defaults–Business Today–04.03.2018—–*****
In light of the biggest banking scam in the Punjab National Bank (PNB) that rocked the country this month, the government has started its ambitious
Do we really need PSU banks? Not at all – Here is why – The Financial Express–04.03.2018
After Rs 58,000 crore was infused into public sector banks under the Indradhanush plan since FY16—and another Rs 66,624 crore from FY11 to FY15—it is
How jury is still out on IBC verdicts – The Financial Express–04.03.2018
The Insolvency and Bankruptcy Code (IBC) has put a sturdier regulator, the Insolvency and Bankruptcy Board of India, on the lines of SEBI and IRDAI.
RBI’s NPA framework: Why scrapping restructuring schemes in line with global practices – The Financial Express–04.03.2018——*****
Shiva is the “destroyer of evil and the transformer” within the Hindu trinity. On the eve of Mahashivratri, a similar transformation came about in the
Fixing the problem: Banking is one sector still facing a sense of crisis | Business Standard Column–04.03.2018
Economic growth is back above 7 per cent, and one could speculate whether a window of opportunity for reform has just closed. Though the Narendra
How long can depositors bail out banks? – Business Line–04.03.2018
The Centre’s infusion of a whopping ₹88,000-odd crore of capital into ailing public sector banks sometime back should have raised a furore. After all, it
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