Bankers have decided to fight back against 'arbitrary arrests' and 'harassment' by probe agencies.
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
'Rate cut should reiterate RBI's commitment in providing confidence to consumers and small business.'
'Without appropriate supervisory constraints in place, banks are in a position to delay the recognition of losses and engage in ever-greening or zombie lending, which is essentially the rolling over of debts of unviable borrowers that would have otherwise defaulted,' points out RBI Deputy Governor Viral Acharya.
'When an institution believes its knowledge and capability is superior to everyone, it behaves like a frog in the well.' 'And this is precisely the cause for the mess,' says J N Gupta.
'The shadow banks are currently facing a liquidity and solvency crisis.' 'The danger is that it could potentially engulf the entire financial system because shadow banks have borrowed huge amount of money from banks, mutual funds, pension funds, and insurance companies.'
In essence, follow the private-equity approach to personal investing and treat each investment decision as if it is a matter of life-or-death, because it is, suggests Avinash Luthria.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Tuesday's policy announcement had a regulatory and development component.
This week, as the I-T department scanned the deposits, reality hit them: Only a minuscule percentage of the Jan Dhan accounts had been used for money laundering.
Investigation to be over by weekend, Mumbai police EOW to lodge FIR thereafter.
Investors and EOW waded through a maze of legal obstacles to get their hands on the 'kingpin'.
Jignesh Shah, the promoter of National Spot Exchange Ltd (NSEL), and its former CEO Anjani Sinha on Friday traded charges in connection with the multi-crore payment crisis at the crippled bourse which has affected over 13,000 investors.
In a fresh development in NSEL's Rs 5,600 crore scam, the Enforcement Directorate (ED) on Monday registered a preliminary inquiry into the payment crisis, suspecting large-scale money laundering in the beleaguered spot exchange, a senior official said.
If at all it was some great strategy, the delay has only helped the person they eventually arrested.
As all regulators are part of it, individuals don't need to worry about approaching the right authority
In refusing to accept its failure, the government has sowed the seeds of further damage: by keeping India short of cash; reducing the headroom for responses to seasonal spikes in cash demand; and increasing the chances that groups will panic at temporary cash shortages, says Mihir Sharma.
It is strange that the wealthy evade taxes even though the marginal utility of the money saved amounts to little and tax rates in countries, including India, have dropped
A more informed electorate, rather than the Lokpal, can fight corruption better, argues Neeta Kolhatkar.
The average bank customer does not know about the Customer Charter because it was designed - under Mr Rajan's regime - to be a lame duck initiative from the start: violating the charter has no consequences, points out, Debashis Basu.
Banking is first about trust and integrity and then about technology and the rest.
'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.
Occasionally, a whistle-blower releases sensitive financial data.
The iconinc Zaveri Bazaar in south Mumbai does business of around Rs 3 trillion a year.
Even Delhi does not have a full-time registrar of chits.
Somen Mitra, the one time pillar of the Trinamool Congress and now Congress candidate from Kolkata North constituency, can't help smiling. The SC's order directing the CBI to probe the Saradha scam is the fruit of his hard and lonely battle. On the day when 17 constituencies in the state go to polls, Mitra speaks to Rediff.com's Indrani Roy about the impact of the Saradha scam on the elections and his relationship with his former party chief.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
Few top honchos of India Inc did very well in 2014.
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