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They ruled the banking industry but then greed struck. Money laundering, kickbacks and cheating are among a long list of accusations that people like Chanda Kochhar, Rana Kapoor face. How do dream careers end up in a nightmare, read on → Read More
The central bank deserves praise for standing firm on its stance against cryptocurrencies, warning investors time to time of their inherent risks despite silence from the Centre. → Read More
Some analysts say the central bank may have no option but to let the rupee find its new normal. → Read More
On March 11, the RBI said it had asked the payments bank to stop onboarding customers. The regulator also ordered a comprehensive IT system audit. This is the second such ban on a prominent banking institution in the last two years. → Read More
The central bank has already initiated policy normalisation by limiting its bond purchases through securities acquisition programme. While a repo rate hike is unlikely this time, a change in monetary stance is very much expected. → Read More
A combination of factors including firming up of crude oil prices, risks to inflation and swifter-than-expected interest rate increases signalled by the US Federal Reserve have contributed to the hardening of bond yields. → Read More
The RBI has been consulting with banks and other stakeholders on the shift. Lenders are worried that with the entire system shifting to tokenisation in one go, there will be massive disruptions across online payments platforms during the new year. → Read More
Earlier in an interview with Moneycontrol, Reddy had said she was forced to quit after differences on the valuation at which the majority investor wanted to sell the firm to Axis Bank. Reddy also said she didn’t have any plan to return to the company. → Read More
The way some very unresearched reports have surfaced sullying the Srei brand name and dragging the family name into it, we cannot rule it (conspiracy campaign to malign Srei’s image) out completely, says Kanoria, the erstwhile promoter of Srei Infra and Srei Equipment Finance. → Read More
For the first six months of the 2021 calendar year, the commercial banking segment in India has delivered a PBT of $146 million, up 76 percent from $83 million for the corresponding period in 2020, says HSBC India Commercial Banking Head Rajat Verma. → Read More
Prior to joining Srei, Bhutoria was the Group EVP & Head – Commercial Banking & Strategic Initiatives at IDFC Bank → Read More
Notwithstanding lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data, the RBI said. → Read More
Higher income from forex operations, expansion of G-Sec holdings due to large OMOs, TLTROs could have contributed to the spike in income, say economists. → Read More
Rabi Sankar, who was serving as an executive director, has been given important portfolios such as department of currency management. → Read More
The plan is to enable a stable and orderly evolution of the yield curve amidst comfortable liquidity conditions. → Read More
Under the pre-packed framework, which will take effect through a government ordinance, MSME borrowers can retain control of the firm and negotiate a settlement with lenders without going through the entire IBC process. That saves time and money. → Read More
K C Chakrabarty served as RBI deputy governor for five years → Read More
According to latest RBI data, bank credit growth that had slumped in 2019-20 and further down in 2020-21 due to COVID-19, is slowly recovering with the gradual opening up of the economy. However, the larger trend remains subdued. → Read More
The RBI has issued a master circular to bring into effect comprehensive rules announced last October to bring HFCs under closer scrutiny. The rules aim to safeguard the interest of investors and depositors. → Read More
RBI action on HDFC Bank raises many questions such as why the frequent technical snags, what can the bank and regulator do to overcome these issues, and can new tech-savvy customers rely on digital banking for important transactions? → Read More