Punjab National Bank (PNB), owned by the Union government, has admitted that fraud of Rs 114 billion has occurred within a Mumbai branch. False letters
Category: RBI–Banks
HDFC’s Parekh says time ripe to support first-time home-buyers – Business Line–24.02.2018
HDFC Chairman Deepak Parekh on Tuesday said India should look to increase its mortgage-to-GDP ratio from the current 9 per cent to 15 per cent
Rotomac case: Allahabad DRT indicted banks of gross misconduct and negligence | business news | Hindustan Times–24.02.2018
In a scathing indictment, the Allahabad Debt Recovery Tribunal (DRT) had last year accused bankers to the Rotomac Global group of gross misconduct and negligence
PNB fraud: Who’s liable for PNB scam and why multiple audits failed to raise an alarm? | Business Standard Column–24.02.2018
Punjab National Bank in an FIR filed with the Central Bureau of Investigation submitted that its in-house investigation had not found any role of chartered
PNB fraud fallout: Govt may revive plan for real-time default disclosures | Business Standard News–24.02.2018
India’s finance ministry is in talks with the market regulator about requiring publicly traded companies to promptly report any missed interest or installment payments on
The PNB fraud: A clear cut case of no systemic accountability | Business Standard Column–17.02.2018—–*****
If you lend someone money, you run the risk of not getting it back. If you allow others to make financial commitments on your behalf,
Expect more NPAs to come under IBC resolution – The Financial Express–16.02.2018—–*****
The Reserve Bank of India has come out with revised guidelines, setting out a framework for timely resolution of stressed assets through the use of
Why banks will likely fail to recover Rs 3 trillion from loan defaulters | Business -Standard News–16.02.2018—–*****
The Reserve Bank of India’s (RBI’s) new framework for stressed loans that would classify any default in one lender bank as a default in all
Gem of a scam: On PNB fraud – The Hindu–16.02.2018
A regulatory filing to the stock exchanges by Punjab National Bank has blown the lid off a ₹11,500-crore fraud. Perhaps the largest such scam in
PNB fraud case: System circumvented for 6 years–Deccan Chronicle–16.02.2018
The caution notice that Punjab National Bank chief has issued to other bank chiefs is self revelatory for not only does it provide details of
Is huge fraud at PNB really an aberration?–Deccan Chronicle–16.02.2018
The Reserve Bank, which does a regular inspection of banks in this country, could possibly examine the risk management lapses more closely. Banks grappling with
PNB fraud is a big headache for Allahabad Bank, Axis Bank, Union Bank, SBI–Business Today–16.02.2018
On Wednesday the country’s fourth largest bank lost nearly 10% of its market cap, around Rs 3,800 crore, following news of a 7-year-old, $1.77 billion
PNB fraud: Bengaluru trader says no action taken on Mehul Choksi after his 2016 complaint | IndiaToday–16.02.2018—–*****
A Bengaluru businessman who last year accused Gitanjali Gems MD Mehul Chowksi of perpetrating fraud involving the loss of thousands of crores of public money,
न बुजलेल्या फटी – अग्रलेख महाराष्ट्र टाइम्स–१६.०२.२०१८
पंजाब नॅशनल बँकेला त्याच्या काही अधिकाऱ्यांनी नीरव मोदीशी हातमिळवणी करून दिलेला हजारों कोटींचा झटका म्हणजे आपल्याकडे शहाणपण आले नसल्याचेच निदर्शक आहे. सार्वजनिक बँकांना पद्धतशीरपणे लुटण्याचा
Stressed banks need a market for assets–Economic Times–14.02.2018
Public sector banks (PSBs), led by the biggest lender, State Bank of India, have been declaring huge losses for the December quarter. Collectively, 30 banks
A de-stress call for MSME financing – The Financial Express–Tata Capital–14.02.2018
Data from various credit bureaus and the reported earnings of different companies reveal a prevalence of stressed loans to small businesses. Traditionally, lending to small
RBI’s move to bar all debt-recast programmes will delay recovery: India Inc | Business Standard News–14.02.2018
Corporate leaders on Tuesday said the Reserve Bank of India’s (RBI’s) move to bar all corporate debt-recast programmes and send them to the National Company
RBI’s new debt resolution framework could increase bank NPAs – Business Line–14.02.2018
The RBI’s new debt resolution framework could result in an increase in non-performing assets of banks, and consequently, in a heavier provisioning burden. The reason:
NPA resolution: One size doesn’t fit all | Business Standard Column–13.02.2018
The sizeable and growing problem of non-performing assets in the banking books is a national concern. Policy makers, banking regulators and the banking system have
Unending pain: On SBI’s Q3 loss – The Hindu–13.02.2018
If the financial performance of India’s largest lender is anything to go by, an end to the severe bad loans crisis may be much farther
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