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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‘Heeramandi’ review: Lahore Luxe tawaif saga runs on empty
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Fact-checking five days of Narendra Modi’s speeches: A catalogue of lies
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Faltering economy, poor citizens, South Asia’s bully: The reality of India’s global ambitions
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Watch: Argentinian woman is crowned Miss Universe Buenos Aires at 60
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Mumbai school principal told to resign after being targeted by Hindutva website
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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: 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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Watch: Neighbours rescue infant from second floor sunshade after she fell from fourth floor balcony
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Video: Listen to this acapella version of Shankar Mahadevan’s ‘Breathless’ by four singers
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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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‘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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Start the week with a film: A divorce from hell in ‘The War of the Roses’
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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: Harpreet Brar, Rahul Chahar bowl Punjab Kings to crucial win over Chennai Super Kings
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Badminton, Thomas Cup 2024: India finish second in Group C following loss to Indonesia
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Fitness watch: Project launched in England to study causes of ACL injuries in women’s football
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IPL 2024: Bowlers, Marcus Stoinis help Lucknow Super Giants beat Mumbai Indians
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India tour of Bangladesh: Radha Yadav, D Hemalatha propel visitors to win in rain-marred second T20I