The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
Experts said the new framework has ensured that the focus has moved to creditor protection from debtor protection.
Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
Instead of a rate hike, or even a pause, there could be a window for the RBI for an interest rate cut
Growth impulses, while improving, remain fragile, and a rate hike will be disruptive to interest costs.
Loans, cash credits, and overdrafts at the end of December 22, 2017, stood at Rs 81,287.32 billion, against Rs 73,340 billion in the year-ago period.
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
While RBI's foreign exchange reserves have swelled to over $400 billion, it has a 'sell' position of $981 billion.
Will the Financial Resolution and Deposit Insurance Bill endanger our bank deposits?
K C Chakrabarty, former deputy governor, RBI, talks to Anup Roy on issues in the new bankruptcy law and rules.
There's a long way to go before human beings are replaced by machines -- in banks at least.
Foreign banks had 317 branches in 2015-16; it has reduced to 286. In the same period, employee strength came down from 26,642 to 24,766.
Traditionally, issuance from Chinese companies dominate the green bond market, but other emerging market economies are coming up fast
The move will have cascading effects for lot of related sectors
A combination of farm loan debt waivers by state governments and the implementation of the pay commission award could entail some fiscal slippages and pose a risk to inflation
Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
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