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
Category: RBI–Banks
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
Governor’s lament | The Indian Express–16.03.2018
“Success has many fathers, failures none, Hence, there has been the usual blame game, passing the buck, and a tonne of honking, mostly short-term and
Credit tangle: on LoU ban – The Hindu–16.03.2018
A month after the ₹12,800-crore letters of undertaking (LoUs) fraud at Punjab National Bank came to light, the Reserve Bank of India has decided to
Fugitive Economic Offenders Bill: To seize and punish – The Hindu–16.03.2018
The Fugitive Economic Offenders Bill, 2018, which was introduced in the Lok Sabha this week, aims to provide for measures to deter fugitive economic offenders
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अस्तित्वावरच जेव्हा नाकर्तेपणाचे प्रश्नचिन्ह उभे राहते तेव्हा अशक्तातील अशक्तदेखील ताठ उभा राहतो आणि निकराचा प्रतिहल्ला करतो. रिझव्र्ह बँकेचे गव्हर्नर ऊर्जित पटेल यांनी नेमके हेच केले.
Too drastic a solution: Ban on letters of undertaking needs to be reviewed | Business Standard Editorials–16.03.2018
The Reserve Bank of India (RBI) appears to have overreacted to the Nirav Modi scandal with its decision to discontinue the issue of letters of
Nirav Modi | Urjit Patel: How Nirav Modi made a reticent Urjit Patel turn eloquent–Economic Times–15.03.2018
Mr. Urjit Patel, the Governor of the Reserve Bank of India (RBI), has been known to be a man of few words. His reticent image
PNB scam: After 31 top defaulters flee, India seeks to shut the gates – The Economic Times–15.03.2018
The Modi govt has now asked banks to provide passport details of people associated with soured loans of more than 500 million rupees. India has
RBI | Urjit Patel: RBI’s regulatory powers over PSBs are weaker than those over private sector banks: Urjit Patel–Economic Times–15.03.2018
The banking regulator also said that banks can keep large buffers in their capital structure to bear the losses which occur due to such frauds.
Govt-as-investor in public sector banks | Business Standard Column–15.03.2018
Everybody’s favourite topic these days is the need to privatise public sector banks (PSBs), especially after the scam at Punjab National Bank (PNB). Will the
Too drastic a solution: Ban on letters of undertaking needs to be reviewed | Business Standard Editorials–15-03-2018
The Reserve Bank of India (RBI) appears to have overreacted to the Nirav Modi scandal with its decision to discontinue the issue of letters of
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