It's well known now that RBI is no more an independent institution, and it’s going to destroy the economy of the country as directed by the Corporates. But its actions are alarming. Firstly, to help...
RBI has been losing credibility since demonetisation. Its subsequent efforts like not intervening when Bank charges were increased, proposing banking licences to corporates which RBI all along opposed on well found principles, allowing more...
Compiled by: Thomas Franco Text: Priya Dharshini Source: Basic Statistical Returns of Scheduled Commercial Banks (SCBs) in India, Reserve Bank of India July 19, marked the 51st anniversary of bank nationalisation. This day has been...
Banking is a risky business and there will always be bad loans. Private banks lack a proper governing structure and ethics, and try to avoid RBI scrutiny, say experts The failure of Yes Bank...
New Delhi, 13 January 2020: FAN India (Financial Accountability Network India), Indigenous Perspectives Environment Support Group, INSAF, Devidas Tuljapurkar, Joint Secretary, All India Bank Emplyees Association (AIBEA), All India Union of Forest Working People...
The Reserve Bank of India introduced “Know Your Customer” norms under the provisions of “Prevention of Money Laundering Act 2002 and Prevention of Money Laundering (Maintenance of Records) Rules 2005. As per these...
Since the beginning of 2019 till last month, the Reserve Bank of India (RBI) has already cut the repo rates twice by 25 basis points (0.25%) each time. However, both of these attempts have...
RBI ‘relaxes’ norms on BSBDA accounts: There are news reports mentioning that with the new notification RBI has eased norms for BSBD accounts and new facilities will be provided to Basic Saving Bank Deposit...
The Reserve Bank of India, in 2015, issued a Master Circular on Wilful Defaulters, which starts with Introduction: “Pursuant to the instructions of the Central Vigilance Commission for collection of information on wilful defaults...
Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving & current accounts) which banks use for...
After the spate of bank frauds came into the light, the parliamentarians raised this issue in the ongoing session of the parliament. Answering the question in the Lok Sabha, on July 20, 2018, on...
The war of words between the Finance Minister and RBI governor has steamed up with the Arvind Subramanian, Chief Economic Advisor, jumping in the fray attacking the Urjit Patel, RBI Governor, who commented, among...
In the aftermath of the Rs. 12,000 crore fraud perpetrated by Nirav Modi, the critics of the Indian Banking system has launched into a fresh debate on the ownership structure of India’s Public Sector...
NDTV India’s multi-part series explained the inside of India’s banking system. This episode takes a hard look at the infrastructure, work pressure, cross-selling, and debate on the privatisation.
An article in Hindustan Times dated February 12, 2018, titled Reserve Bank Goes Back on its Opposition to the FRDI Bill claims that the Reserve Bank has retracted from its former position of three months...