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RBI Governor warns banks, NBFCs over slapping extra fees on customers

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A prudent balance between assets and liabilities has to be maintained: RBI governor RBI Governor Shaktikanta Das on Friday sent a clear message to banks...

RBI lays framework for recognizing self-regulatory organizations

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RBI issues omnibus framework for recognizing self-regulatory organizations for banks, NBFCs, fintechs The Reserve Bank of India (RBI) has issued new rules for recognizing self-regulatory...

Sensex down more than 500 points

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BSE Sensex was trading down 580 points at 71,444 points On Monday, the BSE Sensex was down more than 500 points in afternoon trade due...

RBI Governor expresses concern over high dependence of NBFCs on bank...

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The prospects are at a new high in the country and this is the time to make it India’s moment, says RBI Governor Addressing the...

RBI directs banks to return property papers within 30 days of...

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RBI introduces guidelines for timely release of property papers to borrowers after loan repayment Reserve Bank of India (RBI) has issued guidelines for banks related...

RBI may slap penalties on banks that lose property papers of...

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RBI panel suggests penalty for home loan providers on loss of borrowers' documents If the Reserve Bank of India (RBI) accepts the recommendations of a...

Centre amends anti-money laundering rules; brings politically exposed persons under the...

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Centre amends rules under anti-money law, tight grips over NGOs funding Centre has amended rules under the anti-money law, making it mandatory for banks and...

Banks, Bribes and Companies – How NPAs are created

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The promoter wins the lottery of project approval by bribing all concerned in the government. That is, he gets the license/approval to set up...

How do NPAs become monsters?

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 NewsX channel put out a wonderful expose on Non-Performing Assets (NPAs), after investigating several companies that have become NPAs. Over a period of 50...

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