Category: RBI–Banks

Punjab National Bank’s haste in announcing the Nirav Modi episode as a $1.77 billion scam-instead of the current outstanding $751 million (Rs 4887 crore)-may have

Rising bond yields and the resulting treasury losses are telling on profitability of banks. Yield on the benchmark 10-year government securities (G-sec) surged 67 basis

In the wake of the Rs 13,000 crore PNB fraud, this week saw senior officials of all public sector banks meeting up in the capital

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

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

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 picked a good time to find his voice. The usually reticent central bank governor robustly defended his institution after India’s finance minister blamed

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

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

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

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

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

“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

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

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.

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

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