For current financial year, govt plans to borrow Rs 2.88 trillion in the first half of 2018-19, out of Rs 6.05 trillion planned for entire year
'PNB had confirmed compliance with the RBI's prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,' Minister of State for Finance Shiv Pratap Shukla said in Rajya Sabha on Tuesday.
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
Life insurance companies assert that the blockchain being created has strict protocols to leave no room for manipulation and exploitation, or unauthorised use of customer data and personal information.
There is a narrow chance that the central bank may cut rates in the future, according to a poll of 15 economists and treasurers.
Study reveals alarming trend.
'We have 100,000 students going abroad every year.' 'So, we have room for at least 100 universities of very high quality to service those 100,000 students.'
With banks staying out of the bond market, and foreign investors exhausting their investment limit, the question is: Who will buy the Rs 4.6 trillion bonds that will be issued from April.
25,600 cases of banking fraud totalling Rs 1.79 billion were reported up to December 2017. 'There is an inherent legacy when it comes to insuring crime.' 'Generally, most banks are uncomfortable in sharing data about employee fraud.'
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
It is up to the bank management to decide which application gets to interact with the CBS
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
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
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.
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