RBI imposes Rs 2 cr fine on Deutsche Bank AG
The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain directions issued by the central bank. An…
Banking
CII seeks clarity in taxation laws, simplification, lesser litigation
CII has suggested the government to bring about clarity in the taxation laws, simplification of procedures and reduction of litigation in the upcoming Union Budget. It noted that the taxation…
Need multiple bad banks to address NPA issue: CII to govt
The Confederation of Indian Industry (CII) has urged the government to consider creation of multiple bad banks to address the adverse impact of non-performing assets accumulated by public sector banks…
Fiscal and Monetary Policies at X-Roads
While some leaders, particularly the politicians cutting across party lines, have been advocating that RBI should monetize the fiscal deficit of the government in order to pump in more liquidity…
Business Cycles, Structural Issues and Challenges to Bharat’s Economy
Business cycles are common across the world and their pattern is mostly predictable. Whereas, structural issues are those that are caused by certain changes in the market which are basic…
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 umbrella, the public sector banks number…
Prompt Corrective Action Vs Politically Correct Action
Bharat’s banking sector is now getting into vicious cycle of NPA-led dip in bank profitability- weaker bank balance sheets- decline in incremental bank credit. This is not an overnight phenomenon…
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 than Rs. 1 Lakh in each…
Banks with Liability Limited by Deposits – FRDI Act
The government’s proposal to introduce the FRDI Act (Financial Resolution and Deposit Insurance Act) by including the bail in clause has led to an apprehension about the status of the…
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, law enforcing agencies and the government….