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.
Category: RBI–Banks
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
Give the RBI a bigger stick to deal with state-run banks in India | business news | Hindustan Times–15.03.2018
It wouldn’t be an exaggeration to think of India’s 21 state-run lenders as one gigantic bad bank that’s financially fragile, operationally weak, and forever in
Resolving the IBC and CCI conundrum: Why we are in a critical phase right now – The Financial Express–14.03.2018
Given the nature of transactions involved in the resolution plan, and their effect on competition in the market, the CCI approval shouldn’t be done away
Insolvency and Bankruptcy Code: The loopholes that need to be plugged–Business Today–14.03.2018
As the 12 big cases referred under the Insolvency and Bankruptcy Code (IBC) to the National Companies Law Tribunal (NCLT) approach the 180 day deadline
Bimal Jalan: Don’t privatise PSU banks, make them accountable: Bimal Jalan – The Economic Times–14.03.2018—–*****
“I am very glad that we have initiated measures both for capitalisation, reducing NPAs and for ensuring that banks conform to the best standards of
E-commerce policy: Government pitches for national e-commerce policy–Economic Times–14.03.2018
The government on Wednesday made a case for a national e-commerce policy and a related consolidated legal framework to address the challenges of the sector
RBI governor cracks whip, says will break nexus between banks and businesses as PNB scam fallout grows – The Financial Express–14.03.2018
Speaking up on the recent frauds detected in the public sector banks, Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday said that a
MSME’s most attractive segment in commercial credit with fastest growth, low NPAs: Report – The Economic Times–13.03.2018
https://youtu.be/GG4BFPD073Q SIDBI in association with TransUnion CIBIL launched “MSME Pulse”, a quarterly report on MSME credit activity, for closely tracking and monitoring the MSME segment
Insolvency and Bankruptcy Code left far too much room for interpretation | Business Standard Column–13.03.2018—–*****
To understand how protracted recovering money through sale of assets has become for banks, read some of the newspaper headlines relating to the insolvency cases
State-run banks must be privatised | Nandan Nilekani | analysis | Hindustan Times–13.03.2018
From 1947 to 1955, 361 private banks in India had failed, leaving depositors in the lurch. On the midnight of July 19, 1969, 14 of
PSBs recapitalisation should be part of broader package of financial reforms: IMF | business news |- Hindustan Times–12.03.2018
The IMF has said that the recapitalisation of public sector banks (PSBs) should be part of a broader package of financial reforms to speed up
Deterring fugitives – Business Line–10.03.2018
As Indian banks’ gross NPAs nudge ₹8 lakh crore and new mega-frauds like PNB’s tumble out of the closet, there is mounting public anger against
India Inc: India Inc. has Rs 1.8 lakh crore cash trapped in their balance sheets: EY Report – The Economic Times–09.03.2018
India Inc has nearly Rs 1.8 lakh crore of cash trapped in it balance sheet as working capital situation worsens on account of increase in
[ MSME ] –Nirav Modi fallout: As banks tighten purse strings, fintech can fill the void – The Economic Times–09.03.2018
By Rajat Gandhi For the millions of small businesses in the country, the current mess in the banking sector and the entire Nirav Modi and
India should open door wider to global bond buyers | Mihir Sharma | editorials | Hindustan Times–09.03.2018
Hoping to jump-start its “Make in India” manufacturing push, India’s government has rolled out the welcome mat for foreign investors. It should consider doing the
Bankruptcy Cases: Two close to resolution; six at different stages; four nowhere–09.03.2018
The creditors have chosen Tata Steel and UK-based Liberty House for running the bankrupt companies Bhushan Steel and Amtek Auto, respectively. Of the remaining 10
State-run banks facing over USD 3 billion of losses on bonds in Jan-March: Credit Suisse–Business Today–08.03.2018—–*****
India’s state-run banks – already bruised by the sprawling Punjab National Bank fraud case and soaring provisions for bad loans – are facing much higher
Banks need to overcome problems fast to lend large credit: Ex-RBI guv Rangarajan | business news | Hindustan Times–08.03.2018
Indian banks need to overcome their current problems quickly to be able to lend in large amounts, former Reserve Bank governor C Rangarajan has said.
