Banking Policies
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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
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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
Trending
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The curious case of Pran Puri, the 18th century travelling monk who was discovered and forgotten
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Explained: Why India wants to modify the Indus Water Treaty after 62 years
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How Alexander the Great became Iskandar Zulkarnain, the legendary ancestor of Malay kings
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In Assam, a police crackdown on child marriage leaves a trail of crying women and broken families
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When the British secretly plotted to recruit Russians living in India against Nazi Germany
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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
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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
Video
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Watch: Chased by crocodile, antelope swims for its life across river, escapes in nick of time
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Watch: Tiger waits for trucks to pass before crossing busy highway
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Watch: Rishi Sunak mentions ‘dharma’ as his reason for taking up the job of UK PM
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Turkey earthquake: Scenes of horrifying devastation emerge across the affected region
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Watch: American DJ Diplo shows off batting skills during game of gully cricket with locals in Mumbai
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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
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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
The Reel
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‘The Consultant’ trailer: Christoph Waltz plays a sinister boss in dark comedy series
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Watch: Behind the scenes of Hansika Motwani’s December wedding
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Amit Trivedi lets his music do the talking: ‘There’s one life. We take it way too seriously’
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Start the week with a film: Horses and a quietly thumping heart in ‘The Rider’
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‘Class’ review: An immersive and revealing show about privilege
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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
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State Bank of India raises benchmark lending rates by 20 basis points for September
The country’s largest lender raised the overnight Marginal Cost of Funds-based Lending Rate from 7.90% to 8.10%.
Scroll Staff
The Field
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Shuttle Zone: From Naraoka to Treesa-Gayatri, new kids on the block who could make their mark
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Olympics 2024: Paris mayor says Russian athletes should be banned from Games for Ukraine invasion
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ISL: Kerala Blasters bolster play-off hopes with comeback win over Chennaiyin FC
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India vs Australia: KL Rahul on spin combination for Nagpur Test, batting in middle order and more
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WPL auction, player list: Harmanpreet Kaur, Smriti Mandhana, Ellyse Perry in first set; 409 in total