Govt, RBI must work on improving supervision
A notification by the Cabinet Secretariat announced the addition of Neelkanth Mishra, Nilesh Shah, Anantha Nageswaran's names as part-time members of the EAC-PM
The larger question of how to suitably compensate the hapless victims of bank frauds remains unanswered
Indian policy establishment needs to build capacity
The central bank in August already approved a record Rs 1.76 trillion ($24.4 billion) payout to the government
The RBI imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank Ltd for non-compliance with certain provisions of directions issued by RBI on IRAC norms
This action is based on the deficiencies in regulatory compliance
London-based Jan Dehn, head of research at Ashmore Investment Management,says he is not bearish on Indian equities and the current problems in India are cyclical, but the banking issue
Instances and scale of farm loan waivers have seen an unprecedented increase since 2014-15... this surge is driven by state govt, finds RBI study
IDBI Bank will post net loss in September and probably in the December quarter too but it can come out of the woods
According to the Reserve Bank of India rules, banks can choose between repo, treasury rates, or any benchmark set by Financial Benchmark India Private Ltd for the rate setting purpose
The meeting assumes importance after the Punjab and Maharashtra Cooperative Bank scam and the general liquidity deficit in the NBFC sector
The halt came as debt concerns spread at lenders, including Indiabulls Housing Finance and a regional bank.
We have raised about Rs 3,000 crore from banks in the last 10 days, said Gagan Banga
The bank would look for higher equity infusion from the central government, its promoter, and also look at tapping tier-II bonds to enhance capital adequacy
It is not obvious how the system will come out of it
PMC Bank cannot create systemic instability but the triumvirate of banks/UCBs, shadow banks and realty firms can play havoc with the Indian financial system
Significant fiscal slippage could affect monetary policy
The RBI study shows that the aggregate debt level could go beyond 25 per cent of GDP in the current year itself if off-budget guarantees are taken into account
The Friday rate cut was the fifth consecutive rate reduction by the RBI this year