Former Reserve Bank of India (RBI) governor Raghuram Rajan has said bank boards needed to be more independent and should be able to hire and
Category: RBI–Banks
Insolvency and Bankruptcy Code: How stakeholders are learning on the job | Business Standard Column–09.09.2017
Nine months from the time the Insolvency and Bankruptcy Code has come into effect, all the stakeholders, including creditors, promoters, insolvency professionals and regulators, are
PSU banks’ recapitalisation challenging, say analysts | Business Standard News–09.09.2017
Reserve Bank of India (RBI) deputy governor Viral Acharya’s urgings on the capitalisation need of public sector banks (PSBs) are fine but implementation is the
Raghuram Rajan: Close down Department of Financial Services – The Financial Express–09.09.2017
Former Reserve Bank governor Raghuram Rajan today said governance reforms at state-run lenders will get complete only with the shuttering of the Department of Financial
NPAs: Post-demonetisation economy: Exorcising DeMo’s demons – The Economic Times–08.09.2017
GoI should expeditiously complete already launched reforms in the bankruptcy law, rules and procedures, and the clean-up of the NPAs in PSBs. From the GDP
NPA: RBI Deputy governor Viral Acharya suggests selling off PSU bank laggards – The Economic Times–08.09.2017
Reserve Bank of India deputy governor Viral Acharya has suggested that deposit franchise of state run banks which are in the ‘intensive care unit’ be
Must restore banks’ health in months, if not weeks: RBI – The Hindu–08.09.2017
Reserve Bank of India’s deputy governor Viral Acharya said a feasible plan was quickly needed to address the massive recapitalisation requirements of public sector banks.
BankBazaar: Online lending marketplaces look at digital players to expand customer base – The Economic Times–07.09.2017
As digital-lending platforms come up with innovative products to disrupt the lending space, marketplaces which connect them to potential borrowers are opening up to enlisting
‘Tax rebates to consumers, traders to promote digital payments’ – The Financial Express–07.09.2017
Traders body CAIT today suggested several measures such as tax benefits to both consumer and merchant to promote digital payments in the country. The Confederation
Focus on cleaning bank books, rather than mergers: Raghuram Rajan | Business Line–07.09.2017
Excerpts: There is some criticism of the powers given to the RBI to direct banks to act against defaulters. Is it a good idea
Biggest challenge is to clean up balance sheets of PSBs: Raghuram Rajan – The Financial Express–06.09.2017
Former RBI Governor Raghuram Rajan today said the biggest challenge is cleaning up the balance sheets of public sector banks. “RBI (during his tenure) issued
Jaypee Infratech, other homebuyers could derail NCLT; solution could cause them massive losses – The Financial Express–06.09.2017
Just when it seemed the Supreme Court (SC) had given the insolvency process a big boost through the Innoventive Industries judgment last week, the stay
The jury is still out on bankruptcy code | Business Line–06.09.2017
The fact that it imposes a deadline and unifies processes marks a step forward. But the new system is yet to find its feet For
Government should go slow on public sector bank mergers, says Raghuram Rajan | business-news | Hindustan Times–06.09.2017
Mergers can happen between healthy banks and not amongst weak ones and the central government should be careful in this regard, said Reserve Bank of
RBI: HDFC Bank India’s third most critical financial body–Times of India–05.09.2017
The Reserve Bank of India (RBI) on Monday added HDFC Bank to the list of systemically important banks, or banks that are considered too big
Banks’ cuppa to brew with mergers – The Hindu–04.09.2017
Consolidation of public sector banks had been discussed in banking circles for many years now. P Chidambaram, Finance Minister in the previous United Progressive Alliance
Bank liable for online frauds | Business Standard News–02.09.2017
Thomas Ninad had a salary savings account with Axis Bank. Even though he was using the account regularly, he was was not getting any e-mail
Fincare Small Finance Bank starts operations with 25 branches | Business Line–02.09.2017
Fincare Small Finance Bank (previously known as Disha Microfin Limited) on Friday kick-started its banking operations with about 25 operational branches across Gujarat, Tamil
Flat or refund, your pick: Supreme Court to Unitech buyers | India News – Times of India–02.09.2017
Sending a heartening signal to investors in housing projects in which developers are playing truant, the Supreme Court assured flat buyers in Unitech schemes that
farm loan waivers: RBI chief Urjit Patel says loan waiver is quick-fix, warns of negative impact – The Economic Times–01.09.2017
Farm loan waivers are at best just a short-term remedy for farmers’ distress and cannot be regarded as a long-term solution for the problems in
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