Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
'Will Mr Jaitley listen, or is that expecting too much in pre-election season?' asks T N Ninan.
The central bank is engaged with other financial institutions for investment as part of the scheme to resurrect Yes Bank under RBI imposed moratorium since March 5.
While slow execution and delays in infrastructure projects have led to a payment crisis as recovery of dues is a big challenge, banks are breathing down their necks for loan repayment.
'The critics are getting carried away.' 'The challenge for the RBI is not any erosion of autonomy caused by demonetisation.' 'It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan.
There can't be a parallel inquiry and parallel monitoring by the courts, Attorney General K K Venugopal told the court.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
The Modi government has handled inflation far better than any government in the past two decades. Both the stock market and currency indices have begun to show confidence in the economy, despite the mounting global headwinds of trade.
'When bankers are hounded by investigative agencies for credit decisions going wrong and defaulters are treated like outcasts, who will borrow money and who will lend?' asks Tamal Bandyopadhyay.
The CBI today registered three FIRs and a preliminary enquiry to probe alleged irregularities in Indian Airlines-Air India merger and purchase of 111 aircraft, leasing of planes and giving up of profit-making routes by Air India, causing a loss of thousands of crore of rupees.
'You cannot fight a disease as complex as COVID-19 without a carefully calibrated, localised response.'
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
What's a job got to do with your CIBIL score? Surprised? Well, here's the connection
NDA government has shunned populism.
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
Foreign investors are betting top dollar on the country as growth is likely to recover at a time when other emerging markets are battling macroeconomic adjustments.
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
Infra sector is neglected by the Modi govt.
Dy Governor notes it's an era of job changes for better.
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.
Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.
'Against the backdrop of difficult administrative, political and economic problems, Imran's temperament and staying power will be the subject of intense expectation and public scrutiny,' says Rana Banerji, who headed the Pakistan Desk at the Research and Analysis Wing, India's external intelligence agency.
A mistake here can prove costly.
Though Indian banks don't have large exposure to subprime mortgages, analysts are worried at the rise in their restructured loan portfolios and deterioration in credit quality.
11th-hour debt restructuring programme offered no concessions to creditors
The Street is never short of hope and events to look forward to
Kerala Union of Working Journalists decided to boycott the press meets called by the BJP after saffron party workers attacked mediapersons.
IThe fiscal deficit target for 2020-2021 was originally set at 3.5 per cent of GDP. But the government's revenues have collapsed and its expenditure burden will only increase over the Budget estimates.' With the government having already planned for an additional borrowing of over Rs 4 trillion, the fiscal deficit for the current year would be much higher than the Budget estimate, notes A K Bhattacharya.
Bhargavi Zaveri & Radhika Pandey explains how complexities of foreign exchange rules are used by India Inc to dispute contractual obligations.
A tightrope walk ahead, especially as govt's fiscal deficit has already reached 99% of full-year estimates
There are 7 key rules one can follow to ensure that the chances of such fraud are almost reduced to a negligible level when shopping online, says Anil Rego
While the UK will possibly go into recession, the bigger fear is copycat referendums from other EU nations.
Urjit Patel's reappointment will raise market hopes that Rajan, will also be offered an extension when his tenure ends in September.
The IMF's predictions for India's near-term growth may seem rosy, but the usual caveats apply - that is, we are apt to under-perform.
A glance back at some of the important ups and down Indian Inc faced in 2018.
If Volkswagen's sales were to plunge in North America in the coming months, this would not only have an impact on the company, but on the German economy as a whole.
The clean-up process begun by the Reserve Bank of India runs the risk of spiralling out of control.
Out of nearly 30 public sector undertakings and assets under 'strategic sale' plan, only the ONGC-HPCL plan has been completed
