Addressing a Rozgar Mela last month and virtually handing over 70,000 appointment letters (remember the 2 crore jobs per year promise and the vacant 9, 60,000 posts in the union government itself) the prime...
The Financial Stability Report (FSR) released by the Reserve Bank of India (RBI) has certain very damaging revelations. It is surprising that RBI gave thumbs up to them and claimed that non-performing assets (NPAs)...
Anirban Bhattacharya & Pranay Raj A Reserve Bank of India statement on June 8 has set off a raging debate. The bank has allowed for write-offs and compromise settlements for even frauds and wilful...
The RBI circular dated 8th June 2023, permitting public sector banks, private banks, small finance banks, co-operative banks and non-banking finance companies to have compromise settlements with willful defaulters
Wilful defaulters and companies involved in fraud can go for a compromise settlement or technical write offs by banks and Non -Banking Finance Companies, as per the new RBI circular.
All India Bank Officersâ Confederation and All India Bank Employees Association, criticised the recent move by the Reserve Bank of India (RBI) to allow Banks/lenders to settle loans of wilful defaulters under compromise settlement.
The RBI Governor Shaktikanta Das is the only Governor without an economics background; he studied history. He was the Secretary, Economic Affairs on November 8, 2016 when demonetisation was announced by the Prime Minister...
The Reserve Bank of India released its âReport On Currency and Finance 2022-23 :Towards A Greener Cleaner Indiaâ earlier this month.
Silicon Valley Bank which was one of the biggest banks in the US collapsed, followed by Signature Bank. Now Moodyâs Investor Service has placed First Republic Bank, Western Alliance Bank Corp, Intrust Financial Corp,...
Banks abroad work only five days a week. International financial system works only five days a week. Â Reserve Bank of India works only for five days a week. The Central Government Offices and most...
The Reserve Bank of India has been announcing repo-rate hikes for some time. While most of the commoners donât understand what that means but know that it is spiking their EMI. They are told...
When RBI is refusing to disclose details of borrowers whose loans are written off except in the case..
The report finds 65% accrues to NBFCs, 31% came from public sector banks, and 4% from private banks
A 17% credit growth in the first quarter of November 2022 means little since personal loans continue to dominate over loans to industry, particularly large industry. In September 2022, the CFA explained how Indiaâs...
RBI is the regulator and supervisor of the monetary system. Its objectives are, to maintain public confidence in the system, protect depositorsâ interests and provide cost-effective banking services to the public. Its roles are...
