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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Carnatic music: Violinist L Subramaniam’s new book looks at the 18th-century masters
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View from the Margins: A Dalit Christian explains why he will be voting for change
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EC rejects claims that EVMs gave extra votes to BJP in Kerala mock polls, SC reserves verdict
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Husna Bai: The tawaif who made Hindustani music a respectable profession for women artists
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Beyond the hype: Why the BJP is eyeing Tamil Nadu’s most prosperous region
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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: Unbelievable scenes of flooding in Dubai airport, streets, and malls after heavy rain in UAE
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Indian elections: How secure is the EVM-VVPAT process?
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Watch: Footballers of Indian clubs walk out on the pitch with dogs to get them adopted
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Watch: Dogs wag their tails to ‘conduct’ classical music orchestra
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Watch: Glimpses of Indian singer Sid Sriram’s debut performance at Coachella 2024
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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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Watch: ‘The Broken News’ returns for a second season
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‘Dil Dosti Dilemma’ trailer: A teenager bonds with her grandparents during a summer vacation
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‘Silence 2: The Night Owl Bar Shootout’ review: A bland cop meets a dull case
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‘Juna Furniture’ trailer: Mahesh Manjrekar directs and stars in film about ageing
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Start the week with a film: In ‘Tokyo Sonata’, the unequal music of an emotionally distant family
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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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Cricket: Meg Lanning opens up about struggle with food and exercise that led to her early retirement
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Paris Olympics 2024: Long jumper Sreeshankar Murali ruled out of Games with knee injury
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Badminton: Kento Momota, former world champion, announces international retirement
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Chess, Candidates 2024: Gukesh Dommaraju drops to second after draw against Fabiano Caruana
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Endgame: Indian Grandmasters are daring to dream at the 2024 Candidates