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One-third of ATMs non-functional: RBI Deputy Gov

May 25, 2016

One-third of ATMs non-functional: RBI Deputy Gov

Reserve Bank deputy governor S S Mundra has raised concerns over one-third of ATMs being non-functional and warned the banks of penal action if the compliance levels are not met. #UPA #RBI #Banks #Banking #NewsTracker #ATM
Farmer's guarantee for Mallya a cruel joke but Fardeen's weight gain bigger issue

May 23, 2016

Farmer's guarantee for Mallya a cruel joke but Fardeen's weight gain bigger issue

Mr Singh’s accounts of Rs 14000 and Rs 4000 were frozen by the Bank of Baroda because the records showed he had pledged to back Vijay Mallya’s defaults, if any. #Manmohan Singh #Banks #InMyOpinion #farmer #Vijay Mallya #loan #Guarantor
Rajya Sabha passes Bankruptcy code: Can it help banks address the bad loan issue?

May 12, 2016

Rajya Sabha passes Bankruptcy code: Can it help banks address the bad loan issue?

The Rajya Sabha on Wednesday cleared the long-awaited Insolvency and Bankruptcy Code, 2016, that seeks to improve the ease of doing business in the country by enabling banks to wind up companies faster if resolution isn’t feasible. Lok Sabha passed the Bill on last Thursday. #Banks #World Bank #Rajya Sabha #ConnectTheDots #Kingfisher Airlines #Lok Sabha #Vijay Mallya #bad loans #ease of doing business #Gross NPA #Bankruptcy bill #DRT #nod
Vijay Mallya is not cooperating in investigation: Banks tell Supreme Court

Apr 25, 2016

Vijay Mallya is not cooperating in investigation: Banks tell Supreme Court

The consortium of banks on Monday alleged in the Supreme Court that Vijay Mallya, who has been in United Kingdom, is not cooperating in the investigation of cases lodged against him and was averse to disclosing foreign assets. #Banks #NewsTracker #Supreme Court #TheySaidIt #Vijay Mallya
External Affairs Ministry revokes Vijay Mallya's passport

Apr 24, 2016

External Affairs Ministry revokes Vijay Mallya's passport

The Ministry of External Affairs (MEA) has revoked liquor baron Vijay Mallya's passport. MEA spokesperson Vikas Swarup on Sunday tweeted saying, "After having considered replies by Vijay Mallya, MEA (Ministry of External Affairs) revokes his passport under S.10(3)(c) & (h) of Passports Act." #India #Banks #Enforcement Directorate #NewsTracker #Vijay Mallya #Britain #passport #Kingfisher #MEA #Ministry of External Affairs #PMLA #Money laundering case
Gold Monetisation Scheme: Why are religious shrines, HNIs not in a hurry to part with the yellow metal?

Mar 25, 2016

Gold Monetisation Scheme: Why are religious shrines, HNIs not in a hurry to part with the yellow metal?

The rich and High Net Worth Individuals are staying away fearing the taxman might come calling on the heavy deposits they have made under GMS #Banks #HNIs #Jewellery #Tirupati #Siddhi Vinayak temple #gold monetisation scheme #Black Money Scheme #Mata Vaishneo Devi Trust
Aadhaar enabled e-KYC: Survey says banks, telecom operators can save Rs 10k cr over next 5 years

Mar 18, 2016

Aadhaar enabled e-KYC: Survey says banks, telecom operators can save Rs 10k cr over next 5 years

Besides substantial cost savings for banks and financial institutions by opening bank accounts and registering new customers, Aadhaar enabled e-KYC is significantly more efficient compared to current paper-based KYC, said MicroSave, a development consulting firm #Banks #Lok Sabha #telecom operators #e-KYC #Aadhaar Bill
The ticking NPA clock: How many crores in bad loans are weighing on Indian banks' balance sheets?

Mar 17, 2016

The ticking NPA clock: How many crores in bad loans are weighing on Indian banks' balance sheets?

Mounting bad loans on the books of Indian banks, especially state-run lenders, is a major concern of the Reserve Bank of India (RBI) and the policymakers at government. #Banks #ConnectTheDots #Raghuram Rajan #NPA #bad loans #PSBs #GNPA
Supreme Court directs RBI to give list of defaulters above Rs 500 crore

Feb 17, 2016

Supreme Court directs RBI to give list of defaulters above Rs 500 crore

he Supreme court on Wednesday asked the Reserve Bank of India to furnish a list of the companies which are in default of loans by the banks and financial institutions in access of Rs.500 crore or whose loans have been restructured under corporate debts restructuring scheme. #RBI #Banks #Supreme Court #Hudco #loans #CDS #defaulter list
Chased by banks, indebted midcaps cut informal deals with high networth individuals

Feb 16, 2016

Chased by banks, indebted midcaps cut informal deals with high networth individuals

With banks stepping up the pressure on stressed borrowers ahead of the financial year ending, many debt-laden midcap firms are learnt to be striking informal deals with high networth individuals (HNIs) for funds. #RBI #Interest rate #Banks #finance ministry #HNIs #brokers #midcaps #pledge