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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‘Heeramandi’ review: Lahore Luxe tawaif saga runs on empty
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‘Physical building of WhatsApp University’: Satire on viral video of Galgotias University students
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Why are so many young Indians trading in cryptocurrency, especially in tier-two cities?
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Faltering economy, poor citizens, South Asia’s bully: The reality of India’s global ambitions
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Shifting goalposts: AIFF chief Kalyan Chaubey needs to come clean on the ISL not having relegation
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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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‘Physical building of WhatsApp University’: Satire on viral video of Galgotias University students
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Watch: Meet Sparkles, the new avatar of Boston Dynamics’ robot dog with a special costume
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Watch: Diljit Dosanjh invites young fan on stage, dances with him during his sold-out Vancouver show
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Watch: School authorities turn classroom into swimming pool to encourage attendance during heatwave
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Watch: Woman recreates pet parrot’s choreography
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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: In animated prequel, Baahubali and Bhallaladeva unite to defeat the warlord Raktadeva
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‘Naach Ga Ghuma’ review: Soft landings in saga of a woman and her missing maid
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‘Heeramandi’ review: Lahore Luxe tawaif saga runs on empty
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‘The Fall Guy’ review: Ryan Gosling and Emily Blunt sparkle in entertaining action comedy
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‘Mufasa: The Lion King’ trailer: Barry Jenkins directs prequel to 2019 photorealistic animated film
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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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IPL 2024: Hyderabad deliver death-bowling masterclass to defeat Rajasthan in last-ball thriller
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ICC T20 World Cup 2024: Rohit Sharma, Ajit Agarkar on team selection, KL Rahul’s omission and more
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India tour of Bangladesh: Shafali Verma, Smriti Mandhana guide India to victory in third T20I
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Hockey, FIH Pro League: Salima Tete to lead Indian women’s team for European leg
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Badminton, Thomas and Uber Cup 2024: Indian women lose to Japan, men to China in quarter-finals