Bank Report
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Scroll Explainer: What is behind the RBI’s U-turn on credit to small businesses?
The reversal of policies for the MSME sector is proof that the effects of GST and the note ban are still hurting businesses.
Rohan Venkataramakrishnan
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From PNB fraud to Urjit Patel’s exit: Ten events that rocked India’s banking industry in 2018
Things are expected to improve in 2019, though.
Nupur Anand, qz.com
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Read the warning from RBI Deputy Governor about governments that don’t respect central banks
‘Governments that do not respect central bank independence will ignite economic fire and come to rue the day.’
Scroll Staff
Trending
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Over 17,400 citizens write to EC seeking action against PM Narendra Modi for hate speech
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Australian journalist leaves country amid visa troubles, says ‘too difficult to do my job in India’
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Ramachandra Guha: Why 2024 is India’s most important election since 1977
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Dubai: How a high-altitude jet stream, not cloud seeding, created a storm ‘the size of France’
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‘The Kerala Story’: Why did Catholics re-release a Hindutva movie days before polling?
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LIC’s investment in IDBI: Why is a burdened corporation putting money in another troubled bank?
The government-owned Life Insurance Corporation of India will pump in up to Rs 13,000 crore for a 40% stake.
Nupur Anand, qz.com
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ICICI’s Chanda Kochchar should step down pending inquiry, says IIM-A professor
‘The issue is one of alleged impropriety involving the CEO. The board has the power and the competence to do what is required.’
Nupur Anand, qz.com
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Five questions RBI governor Urjit Patel must be asked at his parliamentary grilling in June
Bad loans, bank fraud and cash shortage are likely to dominate the conversation.
Nupur Anand, qz.com
Video
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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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Eco India: How can India deal with its mounting tyre waste?
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State Bank of India reports a net loss of Rs 7,718.17 crore, its biggest ever in any quarter
Bad loan provisions surged to Rs 28,096 crore, which is more than double the amount reported in the corresponding quarter last year.
Scroll Staff
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Bad loans to information leaks: All that went wrong at Axis Bank under CEO Shikha Sharma’s watch
The IIM-Ahmedabad graduate is credited with building the private lender’s investment banking and the retail businesses. But all was not smooth-sailing.
Nupur Anand, qz.com
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The unanswered questions in the ICICI Bank-Videocon loan controversy
The board has not satisfactorily answered key concerns arising out of the nepotism and conflict of interest allegations.
Nupur Anand, qz.com
The Reel
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Watch: Ryan Reynolds and Hugh Jackman in ‘Deadpool & Wolverine’ trailer
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Start the week with a film: A legend returns in ‘Bob Marley: One Love’
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In Cannes-bound ‘In Retreat’, a Ladakh that has rarely been seen before
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‘Trap’ trailer: M Night Shyamalan’s thriller stars Josh Hartnett as a serial killer
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Watch: Five directors shoot on iPhones for MAMI Mumbai Film Festival initiative
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The case of Simbhaoli Sugars proves just how easy it is to dupe banks in India
And the RBI needs to accept its part of the blame.
Anwesha Ganguly, qz.com
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Understanding SWIFT, the messaging system at the heart of the $1.8 billion PNB fraud
Short for Society for Worldwide Interbank Financial Telecommunications, the system is used by lenders the world over to transfer money between banks.
Nupur Anand, qz.com
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RBI, government also responsible for PNB fraud, says former deputy governor of India’s central bank
‘There is no accountability in public banks. In private banks, there is pressure from shareholders,’ says KC Chakrabarty.
Nupur Anand, qz.com
The Field
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Archery, World Cup Stage I: Jyothi Surekha Vennam finishes second in women’s compound qualification
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Table Tennis: Sreeja Akula overtakes Manika Batra as India’s highest ranked women’s singles paddler
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IPL 2024: Sandeep Sharma, Yashasvi Jaiswal lead Rajasthan Royals to dominant win over Mumbai Indians
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Squash: Saurav Ghosal announces retirement from professional circuit
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Chess: Gukesh Dommaraju – inexperienced, expected to fail, but the chosen Candidate