Banks general
FRDI Bill pits depositors against borrowers
14 Feb 2018
While the Department of Economic Affairs has hinted at an upward revision in the deposit insurance cover, RBI governor has suggested Rs1 lakh status quo to save banks from increased liability amidst rising bad loans
PNB reports Rs10,000-cr fraudulent transactions in its Mumbai branch
14 Feb 2018
PNB said the unauthorised transactions (messages) involved a few select account holders in a Mumbai branch, based on which other banks appear to have advanced money to these customers abroad
RBI tightens rules for bad-loan resolution
13 Feb 2018
RBI today issued a revised framework for resolution of bank loan defaults, widening the net for bankruptcy proceedings against loan defaulters and in the process abolishing half a dozen existing loan-restructuring mechanisms
RBI keeps policy rates unchanged amidst a spike in inflation
07 Feb 2018
The Monetary Policy Committee of the central bank today decided to keep the repo rate unchanged at 6 per cent and the reserve repo rate at 5.75 per cent, while holding the Bank Rate at 6.25 per cent, citing inflationary pressures
Banks failed to channel funds towards investments: Jaitley
05 Jan 2018
Reckless lending without proper risk management during the high-growth period since 2008 has affected banks’ capacity to support growth, finance minister Arun Jaitley says