The scheming claims of all business on 29th June 2020 centered about the block of 59 applications which were said to be in activities which were prejudicial to sovereignty and integrity of India, defence of India, the security of the state, and public order. The list included popular mobile applications like Tik Tok, Mi Video […]
R.B.I. periodically publishes its research papers titled “Occasional papers” every year. On March 17, 2020, it published one under the title ‘Can financial markets predict banking distress: evidence from India’ which was undertaken by Dr. Snehal S. Herwadkar, Director and Mr. Bhanu Pratap, Manager in the Department of Economic and Policy Research, Reserve Bank of […]
RBI supervision of Financial Market Infrastructures (FMIs) and Retail Payment Systems (RPSs) The recent document on Financial Market Infrastructures (FMIs) and Retail Payment Systems (RPSs) by RBI in its web site dated 13th June 2020 is the discussion of this article. A Financial Market Infrastructure (FMI) is defined as a multilateral system among participating institutions, […]
RBI has constituted an Internal Working Group to review guidelines on ownership, governance and corporate structure of private sector banks taking into account the giant strides made by them in the recent past since 2002 onward. The new guidelines to be formed internally within RBI would also be put up in their web site for […]
Recent HFCs have shown a tendency to violate sacred or ethical value for housing projects which propelled the usual humble seeker of a residential house, a life time goal for any poor or middle class Indian to book for a house, face enormous miseries.
The Reserve Bank of India vide its communication dated June 8, 2020 has placed on its web site a draft document titled “Comprehensive framework for sale of loan exposures” for public comments to be received not later than 30th June 2020 which will be applicable to Scheduled Commercial Banks, All India Financial Institutions like NABARD, […]
RBI has put in its web site for public comments a discussion paper titled ‘Governance in commercial banks in India’. The objective of the discussion paper is to align the current regulatory framework with global best practices while being mindful of the context of domestic financial system. Accordingly, some of the major highlights of the […]
Indian credit rating by Moody and its down graded position at negative from stable is not some thing one did not expect. As an ex banker and reader of economic situation since 1973, I have seen the downward economic condition of India, as perceived by Western credit agencies. But do I get perturbed and start […]
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 was published by Ministry of Law and Justice on 5th June 6, 2020 with number 9. 2020 and has already stirred enormous amusement, disappointment among lawyers as well as glee and satisfaction among the industries who are bearing the brunt of COVID- 19, the unknown which has […]
It is a sheer coincidence that a few individuals from India were charged for contempt of court for their expression on judiciary in social media while Twitter exercised its right to hid the views of a politician in connection with racial riots all over U.S.A. a scene not seen for a very long time. Yes, […]
