Use OTPs only in the presence of customers: UIDAI The Unique Identification Authority of India (UIDAI) has asked banks to provide Aadhaar-based onetime password (OTP)
Category: RBI–Banks
Panagariya makes strong case for privatisation of PSBs – The Hindu–25.03.2018
Former NITI Aayog Vice-Chairman Arvind Panagariya has made a strong case for the privatisation of public sector banks with the exception of State Bank of India (SBI),
PNB fraud: Fugitive Economic Offenders Bill: India must not run away from a clearer law – The Economic Times–24.03.2018
By Sumer Singh Boparai To circumvent a bellicose Opposition in Parliament, the Union Cabinet finally cleared the Fugitive Economic Offenders Bill (FEOB), 2017, on March1. The Bill’s
FlexiLoans loans made easy for SMEs- Business News–24.03.2018
1) Founders: Manish Lunia, Ritesh Jain, Deepak Jain and Abhishek Kothari went to the Indian School of Business together in 2009. They worked on multiple
बँक खासगीकरण घातकच!–लोकसत्ता -श्री देविदास तुळजापुरकर -२४.०३.२०१८
पंजाब नॅशनल बँकेतील नीरव मोदी घोटाळ्याचे निमित्त साधून सुरुवातीला असोचेम, फिकी आणि नंतर उद्योगांचे प्रतिनिधित्व करणाऱ्या इतर संघटना व काही बडे उद्योगपती यांनी बँकांतील हे
PNB fraud: Need to rethink over PSBs ownership if to ward frauds off in future: CEA Arvind Subramanian – The Economic Times–23.03.2018
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
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
aniltikotekar4sme.com 