Latest News on Banking Crisis
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Banking Crisis - Total results - 10
Feb 14, 2019
A year after PNB fraud: Lessons learnt from Nirav Modi episode, but some questions still elude answersA year after this shocker, the key perpetrators of the case—Modi and Choksi—are still on the run.
Oct 23, 2018
Comptroller and Auditor General Rajiv Mehrishi questions RBI's accountability over NPA crisis in banksThe major cause of the current banking crisis is a huge asset-liability mismatch, but nobody is talking about this, there is a lack of public policy debate, Mehrishi said
Sep 26, 2018
Arun Jaitley hits out at Raghuram Rajan saying postmortem easier than taking action when requiredRajan, who had as the chief economist at IMF warned of impending financial crisis of 2008, in a note to a parliamentary committee warned against ambitious credit targets and loan waivers, saying that they could be the sources of next banking crisis.
Sep 19, 2018
The Great Indian NPA Mess: Bad loans can snowball into banking crisis; Jaitley's solution has political overtonesNPAs on the other hand, have been growing. The problem was that banks did not have the capacity to assess infrastructure projects which were much bigger now.
Jul 11, 2018
Banking crisis: Outgoing CEA Arvind Subramanian to brief Parliamentary panel on mounting NPAsOf the gross NPAs, the public sector banks accounted for Rs 7.77 lakh crore.
Apr 02, 2018
Private banks' share in overall loan pie rising; will banking crisis render most PSBs dodos?The banking sector in India is getting 'privatised' on its own, even though the government continues to own 21 public sector banks.
Jan 15, 2014
Thanks to UPA, next govt may have to deal with a crippling banking crisisIf the elections throw up a hung Parliament, economic uncertainty will only aggravate. This will increase the pain in the banking system.
Nov 20, 2013
JPMorgan, US reach $13 bn deal on mortgage bonds: All you need to knowJPMorgan Chase & Co said it routinely overstated the quality of mortgages it was selling to investors, and it agreed to pay $13 billion to settle related charges with the US government, federal officials said on Tuesday.
Sep 17, 2013
Dr Rajan, your next crisis is coming up in bankingBoth banks and government seem able to get the RBI to do what they want. Banks are captive to the government, and the regulator is bending over backwards to oblige loss-making banks. The next crisis will thus be in the banking system.
Mar 28, 2013
Cyprus crisis: Banks to re-open; limits on transactionsCypriots get their first chance to access their savings in almost two weeks when the country's banks reopen today albeit with strict restrictions on transactions after being closed due to the country's acute financial crisis.