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
Category: RBI–Banks
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
RBI To Have Additional Instrument For Liquidity Management – BW Businessworld–13.02.2018
The Reserve Bank will soon have greater flexibility in terms of managing its liquidity operations with the addition of one more tool ‘Standing Deposit Facility
RBI notifies revised framework to deal with bad loans – BW Businessworld–13.02.2018
The Reserve Bank of India today came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms
SBI reports divergence of Rs 23,239 crore, joining likes of HDFC Bank, Axis Bank, Yes Bank–13.02.2018
Last Friday, the State Bank of India, the country’s largest bank, reported its first quarterly loss in 17 years, shocking analysts who were busy predicting
Pause for now, rate hike later this year – Business Line–12.02.2018
If the CPI inflation remains elevated, there may be a rate hike in the second half of 2018 In line with our expectations, the Monetary
Thank RBI for small mercies – Business Line–12.02.2018
In a Credit Policy that came in the backdrop of a gathering perfect storm — mini-mayhem in global asset markets, a widely-panned Budget, and a
RBI chief Urijit Patel defends monetary policy | business-news | Hindustan Times–11.02.2018
The Reserve Bank of India governor Urjit Patel on Saturday defended maintaining tight monetary policy even when retail inflation remained low. Addressing reporters along with
For a Vibrant Market for Corporate Bonds–economic times–10.02.2018
The Budget 2018 speech has several welcome suggestions to deepen and widen the corporate bond market, although setting a target for resources to be raised
Options to de-stress public sector banks | Business Standard Column–09.02.2018
Several options are being considered to address the NPA problem of public sector banks, sometimes on a standalone basis and, sometimes in conjunction with other
Policy rates: Expect a long pause from RBI from here, say analysts – The Economic Times–08.02.2018
RBI today kept interest rates unchanged for the third time in a row saying that higher govt spending would accelerate inflation. Rating agencies said today
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