PMC's HDIL loan at Rs 6,500 crore, or 73 percent of total loan book: Ex-MD Thomas in letter to RBI
The admission came in after a board member leaked the actual balance sheet details to the Reserve Bank, a source in know of the details said.
How a single account pulled down 35-year-old PMC bank
RBI yesterday put a slew of restrictions on PMC Bank for six months citing several regu...
A year after IL&FS collapse: Debt, destruction and dithering
There were high hopes after Kotak came in. But the complexities of the case soon...
CVC sets up panel to examine bank fraud above Rs 50 cr
The panel in its previous avatar called the Advisory Board on Bank, Commercial and Financial Frauds.
RBI eases office opening process for foreign entities
This will make office opening process simple under FEMA Act as the country is looking to go up the ladder in the ease of doing business.
RBI warns finance panel of more fiscal slippages by states
The RBI also said the outstanding debt as percentage of GDP has been rising despite moderation in interest payment as percentage of revenue receipts.
View: Supervisory independence is as important as monetary policy independence for RBI
If a regulator issues tough norms, but is forced to backtrack, then expectations of a lax regime will set in.
Will banks respond to RBI's call for lower rates?
RBI Governor Shaktikanta Das held a meeting with country’s top bankers on Thursday and nudged them to reduce the financing cost to encourage investment.
Banks wary of rising hedging cost
Indian banks have sought RBI’s intervention in allowing foreign banks to freely park extra dollars offshore.
New promotion policy causes heartburn at RBI
The new policy makes promotion for junior and middle level managers more stringent.
Shaktikanta Das gets taste of RBI's internal grievance
RBI said 25% of officers in “level B” to “level E” will be put in the lowest performance bracket as against a 10% rule earlier.
Appointment of R Gandhi as additional director a positive move: Yes Bank
The RBI had cut short the term of the lender's promoter-chief executive Rana Kapoor on concerns over governance.
Kreditech gets NBFC licence from RBI
The company will offer both direct consumer loans as well as partner with vendors to provide them lending as a service solution, so that they can design customised credit products.
Kreditech gets RBI license to operate as NBFC
Kreditech's product suite for India will offer individualised direct-to-consumer loans as well as its LAAS, which allows partners to offer customised credit products to their customers.
De-duplication of Indian consumer data to complete by year-end: Mastercard
The moves comes in the backdrop of the regulator RBI asking such payment technology firms to comply with data localisation norms which requires them to store transactions data of Indian customers within the boundaries of India.
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