The way the Banks Board Bureau has been allowed to function so far does not create much hope for reforms.
Only 6% of banks have given loans to Dalits or Adivasis, and less than 25% to a woman.
An RBI research paper revealed ‘unusual’ cash deposits totalling Rs 1.6-1.7 lakh crore during demonetisation.
State Bank of India, the biggest lender to the airlines, has pegged its losses at Rs 900 crore, however, the actual losses may be even higher than these estimates.
New provisions were introduced in EPFO’s Citizens Charter 2017 in an attempt to bring transparency, accountability to make the organisation more efficient.
Laws cannot keep pace with technological advances – but that may not be a bad thing.
The ordinance to amend the Banking Regulation Act will give a big boost to the government’s efforts to cut down on non-performing assets in the banking sector.
The Reserve Bank of India last month allowed banks to make AT1 coupon payments from statutory reserves, a move analysts said was aimed at easing pressure on banks to service coupons on the bonds.
The RBI official has proposed creating “bad bank”-type institutions to buy and restructure stressed loans, along with an approach to banks and defaulters that he called “tough love.”
Struggling to improve yield levels with traditional methods at his coffee plantation, Hoysala found great success with technological innovations.
The worst hit sectors by demonetisation are the automobile, consumer and the realty sector. The banking sector, on the other hand, has had a differential impact.
While the army was able to conduct surgical strikes across the border and undertake relief operations during the Chennai floods, India’s bankers have been unable to rise to the battle cry in the aftermath of demonetisation.
Different political viewpoints tend to linger on different aspects of the critiques of the banks.
Shome Basu captures the endless wait of numerous citizens as they queue outside banks and ATMs to withdraw money after the government decided to demonetise Rs 500 and Rs 1000 notes.
In a sudden announcement, the prime minister has declared that 500 and 1000 rupee notes are no longer legal tender, and will be replaced by newly designed 500 and 2000 rupee notes.
Women customers are made to jump through hoops to get any work done at a bank – all in the name of ‘RBI rules’.
It is critical to maintain a balance between the concern of corporates and the requirements of households while setting interest rates.
The RBI’s first-ever consultation paper on P2P lending lacks vision and direction. Rather than holding onto existing frameworks, we need to encourage finance-based innovation.
More puzzling than the media’s softness towards private banks is the regulator’s feather-touch approach which allows them to engage in questionable practices.