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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Why is BJP wooing Bengali-origin Muslims in Assam?
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By mixing Carnatic and Hindustani, Mysore’s kings helped create a unique body of music
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‘My son lost his job during demonetisation but at least it removed black money’
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The Assam voter who no longer supports the BJP because of the CAA
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The real reason why Modi says what he does – Hindu India accepts it
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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: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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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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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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The story behind the ‘Kuch Kuch Hota Hai’ title track: ‘Just write very simple poetry’
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‘Juna Furniture’ review: A simplistic crusade against the neglect of senior citizens
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‘Late Night with the Devil’ review: A deft satire on the price of success
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Watch: In ‘The Big Cigar’, the Black Panther founder flees America through a fake movie
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‘Dil Dosti Dilemma’ review: A feelgood entertainer about young love and old ties
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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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Athletics, Asian U20 C’ships: India wins nine medals including four gold on Day 2
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Badminton, Thomas and Uber Cup 2024: Two years on, Indian men’s team hope to defend crown jewel
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IPL 2024: Royal Challengers Bengaluru end losing run with convincing win over Sunrisers Hyderabad
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Archery, World Cup Stage I: Men’s recurve team reach final; Priyansh, Vennam in compound semis
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Watch, highlights ISL 2023-24: Mumbai City win dramatic semi-final first leg against FC Goa