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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In visuals: Protesting wrestlers Sakshi Malik, Bajrang Punia, Vinesh Phogat detained by Delhi Police
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‘Who will stage the inaugural walkout?’: Cartoonists chuckle over India’s new Parliament building
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New Parliament building seeks to legitimise Hindutva victory over India’s multicultural past
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Modi’s new parliament could see Hindi belt gain, South lose power at the Centre
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‘City of Dreams’ season 3 review: Political drama is running out of ways to deliver the shocks
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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: Director forgets scroll after winning Palme d’Or at Cannes, Jane Fonda throws it at her
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Watch: Climate activists storm rugby field, scatter orange powder, disrupt match
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Watch: Bollywood actor Akshay Kumar plays volleyball with police personnel in Dehradun
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Watch: Excavator falls into sea with operator inside during embankment construction in Kerala
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Eco India: How can the practice of agroforestry boost food security in Meghalaya?
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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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‘Citadel’ review: Secrets, lies and banality
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‘City of Dreams’ season 3 review: Political drama is running out of ways to deliver the shocks
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‘Jogira Sara Ra Ra’ review: Funny in bits and bobs
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‘2018’ review: A heart-tugging Kerala story
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‘Agra’ isn’t for the faint-hearted – and director Kanu Behl won’t have it any other way
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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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In visuals: Protesting wrestlers Sakshi Malik, Bajrang Punia, Vinesh Phogat detained by Delhi Police
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Live
Malaysia Masters Super 500 final blog: HS Prannoy clinches his first BWF World Tour title
Live -
IPL 2023 Final: MS Dhoni’s CSK eye record-equalling triumph, Gujarat Titans look to go back-to-back
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Hockey, Men’s Junior Asia Cup: India held to a thrilling draw against Pakistan in Pool A
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ICC Men's ODI World Cup 2023: Schedule to be revealed during World Test Championship Final