Bankers Trust:

How SAFE Is Your MONEY With Banks?

How SAFE Is Your MONEY With Banks?

Till Infrastructure Leasing & Financial Services Ltd and Diwan Housing Finance Corp. Ltd stole the limelight in the second half of 2018 for all the wrong reasons, ballooning bad loans in the Indian banking system held centre stage. The mis-governance of a multi-state urban cooperative bank (UCB), which was run by a real estate developer, leading to its collapse, has changed the narrative.

Bankers Trust:

How to Defuse the Co-operative Bomb

How to Defuse the Co-operative Bomb

The government is ready to bring in changes in the laws governing multi-state co-operative banks. A three-member committee is being set up to look into the issues and suggest legislative changes to prevent another Punjab and Maharashtra Co-operative (PMC) Bank-like scandal and empower the banking regulator. The changes in legislation could happen as early as during the winter session of Parliament.

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Can Life Insurance Corp Of India And Rakesh Sharma SAVE IDBI Bank?

Can Life Insurance Corp Of India And Rakesh Sharma SAVE IDBI Bank?

IDBI Bank Ltd, quarantined in the correctional facility of the Reserve Bank of India (RBI) which restricts its ability to lend, is about to start corporate lending in a limited way to its existing customers with high credit ratings. Till now, its ability to lend is capped at Rs5 crore per customer. In the June quarter, it announced successive 11th quarter loss – Rs3,801 crore.

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Are The Bankers Caught Between The Devil And The Deep Blue Sea?

Are The Bankers Caught Between The Devil And The Deep Blue Sea?

In late July, the Reserve Bank of India (RBI) penalised 11 banks for not complying with the norms to classify an account as fraud and report to the regulator. Despite being advised by the RBI to report fraud in an account ‘immediately’ after the Central Bureau of Investigation (CBI) initiated criminal proceedings, the banks had either delayed or did not report the fraud to the central bank. The RBI did not mention it but the “account” in question is that of the now-defunct Kingfisher Airlines Ltd.

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The Importance Of Being Viral Acharya’s Successor at Reserve Bank

The Importance Of Being Viral Acharya’s Successor at Reserve Bank

Those who are eyeing the position of a deputy governor at the Reserve Bank of India (RBI) have not much time left to make up their minds as the deadline for submission of applications expires on 30 August. Early this month, the government invited applications for the post, which fell vacant after Viral Acharya decided to step down, roughly six months before the scheduled end of his term. Ahead of him, Urjit Patel resigned little less than a year before his three-year term as governor would have come to an end.

Bankers Trust:

How To Make The Horse Drink Water

How To Make The Horse Drink Water

When it comes to monetary policy, a career bureaucrat could be more innovative than an economist. Reserve Bank of India (RBI) governor Shaktikanta Das has proved that. After taking three baby steps since February, when the rate cutting cycle started, he changed track last week: No more baby steps (25 basis points or bps rate cut); not a giant step (50 bps) either.