TAG
Bank Reform
Technological disruptions and the role of Banks
While speaking at the 18th banking technology conference organised by Indian Banks’ Association on 3rd December, 2022, Executive Director, RBI, Mr. Ajay Kumar Choudary...
Blockchain technology and cryptocurrencies
Bharat has the highest number of crypto owners in the world at 10.07 crore, followed by US with 2.74 crore Russia 1.74 crore and...
‘Bad Bank’ is actually a good idea
The term ‘Bad Bank’ is mischievously deceiving; literally, it would mean a bank that has turned bad, that is, run out of capital and...
Government announces NARCL, barricades bad debt
Non-Performing Assets (NPA) problems have been an alarming issue in Bharat and have received recognition since 2015 under Asset Quality Review. Our Hon'ble Finance...
RBI asks banks to prepare for transition from LIBOR
IANS -
The Reserve Bank of India (RBI) has issued an advisory asking banks to prepare for the transition out of London Interbank Offered Rate (LIBOR).
In...
Issues and challenges in supervision of Cooperative Banks for RBI
In a move aimed at protecting the interest of depositors, Parliament passed amendments to the Banking Regulation Act, thus bringing cooperative banks under the...
Road Map for Bharat’s Banking Reforms, a Work in Progress
In 1969, Bharatiya government nationalized 14 banks followed by another 6 banks in 1980. Along with SBI group, which had 7 banks under its...
50 Years of Banks Nationalization and Way Forward
There were 361 private banks which “failed” across the country in the period from 1947 to 1955, resulted in depositors losing all their money...
Bank Frauds in Bharat- Issues and Challenges
According to statistics given in the RTI query filed by economist Prasenjit Bose, total value of bank frauds where the amount involved was more...
Lessons from the PNB Fraud
The recent Punjab National Bank (PNB) episode highlights the need for effective internal controls in the banking system and swift action by the regulators,...