Banking Policies
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Risky, aggressive strategies for immediate gains: The real reason for the banking crisis in the US
The collapse of mid-size American banks underscores how the impact of risky decisions at one bank can quickly spread into the broader financial system.
Alexandra Digby, The Conversation, Dollie Davis, The Conversation & Robson Hiroshi Hatsukami Morgan, The Conversation
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Can agitating public sector bankers do a farmer on the Modi government?
Bank employees opposing privatisation have been forging alliances with a wide network of like-minded groups. A new mood of resistance is emerging in India.
Rajesh Mahapatra
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Centre lifts restriction on private banks from getting business on government transactions
Only a few private sector lenders will be allowed to conduct government-related banking transactions like payment of taxes, pension payments and small savings.
Scroll Staff
Trending
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‘Be freed from what holds you back’: Poems by Buddhist women from the Murty Classical Library
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By mixing Carnatic and Hindustani, Mysore’s kings helped create a unique body of music
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We will leave India if told to break encryption: WhatsApp tells Delhi HC
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Canada: Amid anti-immigration rhetoric, curbing international students is a knee-jerk reaction
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Why is BJP wooing Bengali-origin Muslims in Assam?
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Loan moratorium scheme: SC says Centre’s affidavit on waiving interest on interest unsatisfactory
The top court ordered the Centre and the RBI to place on record the KV Kamath Committee recommendations to bail out sectors affected by the pandemic.
Scroll Staff
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Loan moratorium scheme: SC bars non-NPA accounts from being declared NPAs for two months
Justice Ashok Bhushan said in his order that banks should take no action against borrowers that is coercive.
Scroll Staff
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Finance ministry asks banks not to levy any charges on electronic transactions
The CBDT said the Ministry of Finance has asked banks to immediately refund charges collected from January 1, 2020, for electronic payments.
Scroll Staff
Video
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Watch: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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Raghuram Rajan hits back at Centre, says most of his time as RBI chief was under BJP-led government
The former RBI governor said in an interview that India needed another generation of economic reforms.
Scroll Staff
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IDBI Bank to be infused with more than Rs 9,000 crore, says Centre
The struggling lender’s shares jumped 10.84% after the announcement.
Scroll Staff
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Reserve Bank of India scraps charges on digital payments made through RTGS and NEFT
Instructions to banks in this regard will be issued within a week.
Scroll Staff
The Reel
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The story behind the ‘Kuch Kuch Hota Hai’ title track: ‘Just write very simple poetry’
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‘Juna Furniture’ review: A simplistic crusade against the neglect of senior citizens
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‘Late Night with the Devil’ review: A deft satire on the price of success
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Watch: In ‘The Big Cigar’, the Black Panther founder flees America through a fake movie
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‘Dil Dosti Dilemma’ review: A feelgood entertainer about young love and old ties
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RBI holds board meeting headed by Shaktikanta Das, says it will further examine governance framework
The central bank also said that the board of directors reviewed the current economic situation in the country.
Scroll Staff
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RBI crisis: India is moving fast and breaking the wrong things
Undermining the central bank in the name of the public interest, just when the institution finally has some capacity to serve the public, would be a real shame.
Andy Mukherjee, Bloomberg
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Securitisation: The risky business that fuelled the 2007 financial crisis is making a comeback
Securitisation allowed banks to repackage and sell bad debt to third-party investors, and drove opportunistic behaviour.
Solomon Y Deku, The Conversation & Alper Kara, The Conversation
The Field
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IPL 2024: Jonny Bairtsow shines as Punjab Kings beat Kolkata Knight Riders in record-breaking match
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IPL 2024: ‘Save the bowlers’ – Reactions as Punjab chase down record total against Kolkata
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Paris Olympics 2024: Nethra Kumanan secures India’s second quota in sailing
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ISL: Kerala Blasters FC axe Ivan Vukomanovic as head coach
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Archery, World Cup Shanghai: Jyothi Vennam and Abhishek Verma reach the mixed compound final