Tuesday, May 28, 2024

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Reserve Bank of India

Raghuram Rajan’s answers on the PNB scam and controversial 20:80 rule do not pass muster

Rajan spoke out for the first time on the recent issues in banking sector

Big loan defaulters could soon be facing music as RBI plans to use insolvency laws

Reserve Bank of India is planning to use insolvency laws against the big loans defaulters.

RBI identifies 12 accounts responsible for 25% of bad loans

Defaulters have not been named, but banks will be asked to initiate insolvency proceedings to recover the dues.

NDTV under I-T scanner for concealing Rs 1600 crore income

Income Tax Dept is looking into undisclosed income to the tune of Rs 1600 crore relating to NDTV.

Now you may keep your account number but change the bank, RBI moots bank account portability

If the idea is made operational in India, this will be the first of its kind in the entire world.

Cabinet approves ordinance that gives teeth to RBI to recover bad loans

The move will empower the central bank to act on behalf of other banks against wilful defaulters.

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