Banking Regulation-act

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Banking Regulation-act - Total results - 18
IL&FS crisis: Uday Kotak gets one-year extension on bankrupt infra lender's board, exemption given on RBI recommendation
Business

IL&FS crisis: Uday Kotak gets one-year extension on bankrupt infra lender's board, exemption given on RBI recommendation

Kotak was appointed by the government as the head of the lender's board which will help the troubled company come out of difficulties after the state took over the board.

Union Budget 2018-19: It's time to usher governance reforms in banks, bring sector back on track
Business

Union Budget 2018-19: It's time to usher governance reforms in banks, bring sector back on track

The recognition of e-KYC can also aid in boosting the productivity of bank resources and save costs involved in manual procedural formalities.

New RBI rules on NPA: Central bank must frame stronger guidelines to police borrowers, not just lenders
Business

New RBI rules on NPA: Central bank must frame stronger guidelines to police borrowers, not just lenders

It is time the RBI looked hard at what needs to be done in the entire process chain of borrowing, including issues related to collaterals, cash flows and above all the expected conduct of borrowing entities.

RBI appoints former deputy governor R Gandhi as additional director on Yes Bank board for two years
Business

RBI appoints former deputy governor R Gandhi as additional director on Yes Bank board for two years

The private lender said its board "heartily" welcome the appointment of Gandhi given his impeccable background and track record as a highly respected Regulator in India.

Why isn't govt asking RBI to reveal information about wilful loan defaulters and banks' inspections: Congress
Politics

Why isn't govt asking RBI to reveal information about wilful loan defaulters and banks' inspections: Congress

The party's remarks came after the Supreme Court on Friday gave the banking regulator "a last opportunity" to reveal these details under the RTI Act

Reserve Bank of India cancels licence of Rajasthan-based Bhilwara Mahila Urban Co-op Bank
Business

Reserve Bank of India cancels licence of Rajasthan-based Bhilwara Mahila Urban Co-op Bank

Bhilwara Mahila Urban Co-operative Bank' s licence has been cut from 31 August 2018

Videocon loan row: Banking Regulation Act may absolve Chanda Kochhar; but shouldn't ICICI Bank stop clinging to technicalities?
Business

Videocon loan row: Banking Regulation Act may absolve Chanda Kochhar; but shouldn't ICICI Bank stop clinging to technicalities?

Clinging to loopholes in the law is the hallmark of those who evade laws. People had high expectations of ICICI Bank boss Chanda Kochhar.

Need to correct legal asymmetry in central bank's policing powers, says RBI governor Urjit Patel
Business

Need to correct legal asymmetry in central bank's policing powers, says RBI governor Urjit Patel

RBI Governor Urjit Patel, who had recently gone public with the legal limitations faced by the central bank in regulating state-owned lenders in the light of over Rs 13,000-crore scam at PNB, reiterated that there is an "asymmetry" in its powers between government and private banks

RBI likely to announce guidelines to NPA ordinance within a fortnight
Business

RBI likely to announce guidelines to NPA ordinance within a fortnight

Banks have been reluctant to resolve NPAs through settlement schemes or sell bad loans with hair cut to asset reconstruction companies for fear of 3Cs -- CBI, CAG and CVC.

Bank NPA resolution is shrouded in fears of various kinds; it's time for RBI to act
Business

Bank NPA resolution is shrouded in fears of various kinds; it's time for RBI to act

Now that the bullet has been bitten, the RBI needs to speed up the process of setting up the committees and identifying the first list of assets

'Earnings for banks lending to corporate to be volatile' says investment banking firm
Business

'Earnings for banks lending to corporate to be volatile' says investment banking firm

Jefferies does not agree with the view that RBI will form committees to offer haircuts to banks on their loans as a part of resolution of stressed assets/loans.

Why the new banking ordinance may not be able to solve the NPA rot
Business

Why the new banking ordinance may not be able to solve the NPA rot

The policy is also in sharp contradiction of the Rajan doctrine - identify bad accounts, take a hit, record losses, move ahead with a clean slate

NPA ordinance gets president's approval; RBI gets more powers to tackle bank bad loans
Business

NPA ordinance gets president's approval; RBI gets more powers to tackle bank bad loans

The amended law will also empower the RBI to set up oversight panels that will shield bankers from later action by probe agencies looking into loan recasts

New NPA package for banks makes RBI more powerful; it's a move in the right direction
Business

New NPA package for banks makes RBI more powerful; it's a move in the right direction

For the bankers, RBI becoming party to NPA decision is good. They can cast aside the fear of being hunted by vigilance department for taking a high hair cut. That will be RBI's headache.

RBI penalises JP Morgan Chase for violating risk-mgmt norms
Economy

RBI penalises JP Morgan Chase for violating risk-mgmt norms

The Reserve Bank today imposed a penalty of Rs 5 lakh on US banking major JP Morgan Chase for violation of various norms including risk-management guidelines.

New banking licences: what is at stake
Economy

New banking licences: what is at stake

Finance Minister P Chidambaram yesterday said the government has asked the Reserve Bank of India to expedite the process of issuing new bank licences. Firstpost takes a look at what are the issues at stake.

Cannot move on new banking rules till amendment in Act: RBI
Business

Cannot move on new banking rules till amendment in Act: RBI

Finance Ministry sources told CNBC TV-18 that not much movement was being seen on new bank licences.

Two-day nationwide bank strike from Wednesday
Economy

Two-day nationwide bank strike from Wednesday

All business and commercial activities across the country are likely to be crippled as the entire banking industry employees would go on a two-day strike starting on Wednesday, a banking union official said here on Monday.