Category: RBI–Banks

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

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,

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

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

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 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

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

India’s finance ministry is in talks with the market regulator about requiring publicly traded companies to promptly report any missed interest or installment payments on

If you lend someone money, you run the risk of not getting it back. If you allow others to make financial commitments on your behalf,

The Reserve Bank of India has come out with revised guidelines, setting out a framework for timely resolution of stressed assets through the use of

The Reserve Bank of India’s (RBI’s) new framework for stressed loans that would classify any default in one lender bank as a default in all

A regulatory filing to the stock exchanges by Punjab National Bank has blown the lid off a ₹11,500-crore fraud. Perhaps the largest such scam in

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

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

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

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,

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

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