"35 years of supervisory level banking experience which includes the experience as Group Head of Compliance of an MNC Bank, 15 years in senior positions in Banks Integrated Treasuries of ICICI Bank, Kotak Mahindra Bank; Securities Market (in New Private and PSU Banks), and 10 years in Wholesale & Retail Banking spread across PSU, New Pvt Sector Banks. Ex CEO Fixed Income Money Market and Derivatives Association (FIMMDA), SRO, visiting faculty at NIBM, RBI for many years"
Banking Laws (Amendment) Bill 2024 introduces successive and simultaneous bank deposit nominations, raising concerns over complexity, legal conflicts, and role of nominees vs. heirs.
Why do some financial market regulators ignore the prevailing law, while designing products/policies, and push exotic ideas without heeding the serious systemic, legal and associated risks pointed out time and again
Explore why banks refrain from issuing standalone ATM cards and favor debit cards. Understand implications, risks, and potential solutions for varied customer needs.
Changes in bank locker agreements after Supreme Court’s directives in India. Analysis of new agreements, stamping issues, and customer rights.
Starting Oct 1, 2023, Indian cardholders can switch between Visa, MasterCard, Ru-Pay, etc. Learn the benefits, process, and implications for banks and users
Learn about banks rights to freeze operations in dormant/inoperative accounts. Understand the implications for ATM, internet banking, and cheque access.
Discover the issue of unlawful freezing of bank accounts for pending Re-KYC and the contradictory signals from RBI. Learn more here.
Is the gazette-notified Scheme of amalgamation of PMC Bank candidly drawn by RBI and lawful? Brief Note & Preamble: Brief note: To understand things one may need to carefully read the write-up. In this write-up, I have used the terminology retail, institutional deposit as has been used in the Scheme of amalgamation of PMC Bank […]
What will be in store for Punjab Maharashtra Coop Bank depositors, creditors if the proposed Scheme of amalgamation gets notified? Preamble and Background After a big fraud that was reported, in September 2019, inspections conducted by RBI showed complete erosion of capital and substantial deposit erosion of the bank. The RBI issued ‘All-Inclusive Directions’ to […]
Yesterday’s many financial newspapers carried news: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on SBI for holding shares in borrower company of an amount exceeding 30 percent of the paid-up share capital of the company. Relevant Text of the RBI Press release dated Nov 26, 2021 is […]
