A day after the Central Statistics Office’s data confirmed that the Indian economy was firmly on the road to recovery, with annual growth in gross
Category: RBI–Banks
‘Don’t use bank scams as an excuse to privatise’ | The Indian Express–02.03.2018
Poorly regulated private banks are even more prone to scams and failure, as the financial sector is rife with information asymmetries and market imperfections. Eminent
Rising bond yields in India are driving away the country’s biggest banks | business news | Hindustan Times–02.03.2018
State Bank of India posted its first quarterly loss in 17 years in the three months through December 31, partly due to a decline in
Low-cost home loans face higher risk of defaults: report–01.03.2018
Even as government policies give huge thrust to affordable housing, data reveals elevated risks in the segment for lenders because of a higher propensity among
Finance Ministry gives 15-day deadline to PSBs to detect frauds, -wilful defaults–Business Today–28.02.2018
In light of the biggest banking scam in the Punjab National Bank (PNB) that rocked the country this month, the government has started its ambitious
What is the fugitive bill? Can it stop the likes of Nirav Modi, Vijay Mallya?–Business Today [ India Today Group ] 28.02.2018
Prompted first by the Vijay Mallya case and now by the Nirav Modi-PNB scam, the Modi government is trying to fast track the draft law
Capitalworld launches new product to help MSMEs – The Economic Times–28.02.2018—–*****
CapitaWorld a digital platform that automates the entire loan value chain has rolled out the first version of a ‘Smart Loan -Disintermediation Ecosystem’, a fully
Sweet melody of distressed assets–Economic Times–28.02.2018
The first resolution of a large non-performing asset has taken place under the Insolvency and Bankruptcy Code, with Monnet Ispat, which has an integrated steel
PSU Banks: Here’s how you can check the financial health of your bank–27.02.2018—–*****
With more worms crawling out of the PSU bank can, it’s time to check the health of banks in your portfolio. ET Wealth shows you
Address ownership issue: Functioning of PSBs seeks urgent corrective action | Business Standard Editorials–27.02.2018—–*****
The crisis in public sector banks is the result of many factors. The finance minister has rightly stressed the role of auditors, regulators, bank managements
Finance ministry puts out list of 9,500 ‘high risk’ finance companies | India News – Times of India–26.02.2018
Highlights Companies categorised ‘high risk’ found non-compliant to the Prevention of Money Laundering Act rules as on January 31 Many of these NBFCs were found
Is the endgame for NPAs in sight? – The Hindu–26.02.2018
Of late, the Reserve Bank of India’s (RBI’s) attempt to purge the banking system of bad loans has begun to resemble the spring-cleaning of a
PSU Bank Privatization Do It While You Can-Rajat Sharma – BW Businessworld–25.02.2018—–*****
Back in 2010, I completed my final IPO transaction as a lawyer. My job was to prepare due diligence reports on companies that were going
Across the aisle: P Chidambaram speaks on drawbacks of public sector banks – The Financial Express–25.02.2018
Are public sector banks (PSBs) wanted or not wanted? The answer seems to depend on the day of the week. Since nationalisation of major banks,
RBI MPC minutes: Michael Patra called for series of rate hikes to counter inflation | business news | Hindustan Times–25.02.2018—–*****
One member of the Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) said a series of rate hikes may be warranted because of
CEA Aravind Subramanian bats for regulation banking, privatising PSBs – The Financial Express–24.02.2018
Chief economic adviser Arvind Subramanian on Saturday said the country has failed to recognise the importance of regulation in the banking industry. Though the banking
Bank vulnerabilities: PNB fraud exposes failure of systems and oversight | Business Standard Editorials–24.02.2018
Punjab National Bank (PNB), owned by the Union government, has admitted that fraud of Rs 114 billion has occurred within a Mumbai branch. False letters
HDFC’s Parekh says time ripe to support first-time home-buyers – Business Line–24.02.2018
HDFC Chairman Deepak Parekh on Tuesday said India should look to increase its mortgage-to-GDP ratio from the current 9 per cent to 15 per cent
Rotomac case: Allahabad DRT indicted banks of gross misconduct and negligence | business news | Hindustan Times–24.02.2018
In a scathing indictment, the Allahabad Debt Recovery Tribunal (DRT) had last year accused bankers to the Rotomac Global group of gross misconduct and negligence
PNB fraud: Who’s liable for PNB scam and why multiple audits failed to raise an alarm? | Business Standard Column–24.02.2018
Punjab National Bank in an FIR filed with the Central Bureau of Investigation submitted that its in-house investigation had not found any role of chartered
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