Banks cannot treat compliance as a quarter-end activity, and must have stronger operational discipline and data governance throughout the year, Reserve Bank of India (RBI) Deputy Governor Swaminathan J said in a speech at the Third Annual Global Conference of the College of Supervisors.
The relation between a regulator and its regulated entities is collaborative and not adversarial with the common objective of maintaining the stability and credibility of the financial system. However, the action on regulated entities like penalties and business restrictions are the last resort, Reserve Bank of India (RBI)'s governor Sanjay Malhotra said on Friday.
'Our problem is not a budget deficit but a trust deficit. We need to trust our institutions and industries to innovate and lead. That is the way forward for India.'
Susim Mukul Datta has not passed away, rather he is the ever-youthful leader to all who knew him, points out R Gopalakrishnan.
All the 12 cabin crew members, including two pilots, on board the ill-fated London-bound Air India flight were killed in the Ahmedabad air crash on Thursday.
'Sudip sir keeps telling me that what I have done is very Hollywood.'
The avalanche hit the BRO camp between Mana and Badrinath between 5:30 am and 6 am on Friday, burying the workers inside eight containers and a shed, according to the Army.
'A murder has occurred in the room, but there were no signs of struggle.' 'RG Kar says the body was discovered at 9:30 am. But the media was informed at 8:30 am.' 'We realised that crucial evidence was being destroyed.' 'She had several bite marks on her neck, but no swab was collected.' 'My daughter had 28 injuries on her body. But there was no DNA of the assailant under her nails.' 'Are you saying she did not try to defend herself?'
Christina Rindiki's all-women team on the India-Myanmar border in Champhai, Mizoram, delivers 300 plus Amazon packets daily. The women handle all aspects of the operation and made around 450 deliveries per day this month alone. This is their story.
GMC principal Shashi Sudhan Sharma also requested senior superintendent of police, Jammu, to take all precautionary measures, including deployment of additional police personnel around the hostel and college premises, to avoid any law and order problem.
'It is nice that the banking system is in good shape.' 'It is a little early to call it too good because I think it was too bad in the past.'
A bench of Justices AS Bopanna and MM Sundresh asked the UGC to furnish the details of steps taken on a plea by the mothers of Rohith Vemula and Payal Tadvi.
'We were children and could not distinguish freedom from bondage, but we could understand that a momentous and happy event was imminent.'
On the request of American authorities, police in Mehsana district in Gujarat have launched a probe to unearth an alleged racket in which ineligible students are getting help to acquire high International English Language Testing System (IELTS) score to obtain admission in colleges in Canada so that they can be then smuggled into the United States, an official said on Monday.
All medical establishments like medical colleges (allopathic, homoeopathic and AYUSH), health centres, private healthcare units and polyclinics have been asked to send the list of workers, the senior official of the Health department told PTI.
Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the 'distance to default' as a measure of a particular bank's fragility, reveals Tamal Bandyopadhyay.
Justice Purushaindra Kumar Kaurav said the DU's administrative authority did not offer Lokesh Chugh, a PhD scholar and national secretary of the Congress' students wing NSUI, an opportunity to be heard.
The Delhi Commission for Women on Tuesday summoned St Stephen's principal Valson Thampu and college professor Satish Kumar after receiving a complaint from the research scholar, who has accused the latter of sexual harassment.
A section of Delhi University students and teachers along with student bodies including All India Students' Association and Students Federation of India, staged a protest outside the college campus.
Upasna Pandey/ Rediff.com spoke with senior professors and students who pointed out the inherent flaws in the existing sexual harassment grievance redressal mechanism at the institution and university level.
The government has proposed a new regulatory architecture for large financial institutions, by establishing "a college of supervisors" comprising representatives from various regulatory agencies.
TV visuals showed the giant crane falling on the ground with a loud thud.
Nominating Das, the Banker magazine, which announced the award, said India's banks have faced a series of challenges, from non-performing loans to issues around fraud. Faced with these challenges, Shaktikanta Das has taken steps to bring banking in India up to standard via a restrained approach to governance.
Facing criticism over handling of the research scholar molestation case, St Stephen's principal Valson Thampu on Monday said he would resign if it was proved that "he was a cause of embarrassment to the institution".
The new rules come into effect soon.
"I am Dawood Ibrahim that is why I am being hounded," St Stephen's college principal Valson Thampu on Thursday said, expressing anguish over the "way" he is being "attacked" in connection with a research scholar's sexual harassment case.
Amid allegations of attempts to hush up a molestation row in St Stephen's College, its principal Valson Thampu on Saturday said it was not for him but the victim to go to police.
'It is heartening to know that from Narendra Modi downwards every significant leader in the BJP is angry with the gushers of that nonsense about a 'Hindu Rashtra' or the questioning of Sania Mirza's credentials,' reveals Virendra Kapoor.
'The darkest days of Indian democracy were (during) the Emergency when basic democratic rights were suspended. For a time it seemed as though India would move along the East Asian model -- everybody works hard, nobody asks questions, certainly not of the government.' 'There are people who say we are headed that way, but I am not persuaded by the evidence,' says Mahesh Rangarajan who recently resigned as director of the Nehru Memorial Museum and Library in New Delhi.
With substantial number of employees having been with Jet Airways for around 20 years, getting another job is also not easy considering the age factor and the job market situation.
RBI's oversight cadre move creates HR trouble, officers threaten agitation.
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
Rediff readers tell us what their first salaries meant to them.
'I set out really early because it gets very hot.' 'The soles of my feet burn by the time I have finished going house to house on foot.'
Virendra Singh Rawat discovers that this child prodigy has never been to school.
The deadline for officers to decide on their career path in the biggest organisational rejig in the central bank's 85-year history ends on January 31. The immediate fallout could be its disruptive impact on the supervisory process for 2020 -- and beyond -- given the manpower shortfall, even as more entities are set to come under closer central bank scrutiny.
The counting will begin at 8 am, and as per the Election Commission's COVID-19 guidelines, a candidate, his poll agent and counting agent can remain present in the counting hall, officials said, adding various measures have been taken to ensure social distancing and avoid crowding.
'You could be out of sight, out of mind but it may take just one song to bring you back and to let you know that your audience is still rooting for you.'
How Amul is changing the face of dairying in Jammu & Kashmir. Some 15,000 dairy farmers, many women, are participating in the initiative.
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