Reserve bank of India

  • PNB fraud case: ED seeks statutory audit reports of banks from RBI: The official also said that so far, as many as 39 locations have been raided in connection with the fraud and assets worth Rs 5,716 crore have been seized. http://bit.ly/2o7RTEz

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  • Government says PNB fraud points to supervisory failure at RBI - media: MUMBAI/NEW DELHI (Reuters) - India's government has said the $1.77 billion fraud at state-run Punjab National Bank was a "manifestation of supervisory failure" at the country's central bank, local media reported on Monday. http://bit.ly/2oaSh5k

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  • Punjab National Bank scam: Central Vigilance Commissioner to meet bank#39;s CEO, CVO seeking explanations: The meeting in Delhi will also be attended by senior Finance Ministry officials and representatives of the Reserve Bank of India (RBI), sources said. http://bit.ly/2ojubEm

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  • Mellow NPA resolution rules: Banks to RBI: The Indian Banks Association is all set to approach the Reserve Bank of India (RBI) requesting the regulator to tweak some of the recently announced non-performing asset (NPA) resolution rules. http://bit.ly/2ocIGL9

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  • Banking sector fires up this week: Tata pips JSW, RBI overhauls NPA scheme and PNB unearths Rs 11,400 cr scam: Banking sector is always buzzing. This week, the buzz was louder with Punjab National Bank revealing one of the biggest scams in the industry amounting to fraudulent transactions. http://bit.ly/2ocsVmI

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  • RBI denies asking PNB to pay up; blames failure of internal controls for scam: The Reserve bank of India has denied giving any instructions to Punjab National Bank in the Rs 11,400 crore fraud unearthed on Wednesday. http://bit.ly/2o4dj5w

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  • Punjab National Bank case: A fresh twist: A whistleblower has claimed that he had written to Former Reserve Bank of India (RBI) Deputy Governor, KC Chakbrabarty, alerting him about a loan to Gitanjali Jewellers, by Allahabad bank in 2013. http://bit.ly/2o9XlG5

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  • RBI nudges PNB to pay up in the Rs 11,400 crore scam to contain contagion effect: PNB may be asked to pay up more because the financial strain of the fraud of this magnitude could spread to a larger financial system. http://bit.ly/2o6DSpO

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  • Punjab National Bank scam: Experts discuss key developments: In an interview to CNBC-TV18, three Former RBI Deputy Governors, KC Chakrabarty, R Gandhi, and SS Mundra, and RK Bakshi, Former ED of Bank of Baroda discussed about the various developments in the PNB fraud. http://bit.ly/2o91zOi

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  • PNB case: RBI, Sebi to seek help from Hong Kong regulators: The regulators are set to spread their net overseas as it has been found that credit was availed from various bank branches in Hong Kong on the basis of Letters of Undertaking (LoUs) issued by Punjab National Bank. http://bit.ly/2nZN5Rk

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  • Sensex ends lower; SBI drags: (Reuters) - Indian shares ended lower on Wednesday, pulled down by state-run lenders such as State Bank of India which fell after the Reserve Bank of India recently unveiled tough rules for loan restructuring. http://bit.ly/2o06ilZ

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  • Bad loan resolution: RBI announces new framework: The Reserve Bank of India (RBI) has unveiled a new charter of rules for recognizing default loans and how to resolve them. http://bit.ly/2o95kDw

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  • NCLT process in early stages; Prefer SBI BoB amongst PSUs: Kotak Institutional Eq: In an interview with CNBC-TV18, MB Mahesh of Kotak Institutional Equities shared his view and reading on the impact of Reserve Bank of India’s (RBI) new rules on non-performing assets (NPAs). http://bit.ly/2nYgHii

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  • New bad loan rules: Darkest hour before dawn: Bankers and borrowers are now wondering if the RBI hopes to achieve Utopia in a day? http://bit.ly/2nYHnzr

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  • RBI#39;s newest weapon to subdue NPA monster is most potent yet: Existing mechanisms such as CDR, SDR, S4A and the JLF stand to be withdrawn and discontinued. http://bit.ly/2nTl3as

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