Business Tit-Bits: Big Looters and Big Bankers
It was in August 2019, that the Reserve Bank revealed in its Annual Report that there was a 73% rise in bank frauds in FY...
Tag : RBI
Did Modi govt ignore the RBI and Election Commission warnings over Electoral Bonds?
The electoral bonds since their inception two years ago have caused many concerns over the political funding and transparency. The Modi government have always been...
RBI Unfolds List of 30 Wilful Defaulters
According to the central bank’s response though, three companies belonging to fugitive diamantaire Mehul Choksi are amongst the 30 major wilful defaulters NEW DELHI|...
RBI raised red flag over Electoral Bonds before 2017 budget announcement, but Modi govt looked otherwise: Report
The then Revenue Secretary Hasmukh Adhia dismissed the RBI’s concerns. In a note, he wrote that the RBI didn’t understand the proposed mechanism of Electoral...
Rahul Gandhi says in New India, bribes and illegal commissions are called electoral bonds
Congress leader Rahul Gandhi takes a jibe at the BJP government and said, “In ‘New’ India, bribes & illegal commissions are called Electoral Bonds,” New...
RBI extends withdrawal limit for PMC Bank account holders to Rs 50,000
The RBI has also allowed PMC Bank account holders to withdraw money from the bank’s own ATMs within the prescribed limit of Rs 50,000. Some...
Bandhan Bank fined Rs 1 Crore by RBI for violating promoter holding norms
Accordingly, the Bandhan bank had to reduce its promoter stake from 82 to 40% by August 2018 as per RBI rules. But the bank failed....
Business Headlines: Rajan hits the government hard
In the second part of this two part series, we tell you how Mr Raghuram Rajan focused on what exactly the Modi led BJP government...
Business Headlines: Rajan diagnoses what the government can’t
Few days prior to the build up of the state elections, a war of words escalated when FM Nirmala Sitharaman said that Public Sector Banks...
RBI to meet delegations of 10 PMC Banks Scam Protestors
Current sources say the representatives will come back to Azad Maidan after the meeting to decide the next course of action Mumbai: 10 representatives of...