Moody's Investors Service has termed the RBI's revised framework for the resolution of stressed assets a credit positive move while suggesting the country's insolvency code mechanism to speed up resolution process.
It has also given thumbs up to the RBI's move to extend the circular...
The Reserve Bank of India (RBI) on Friday imposed a penalty of Rs 2 crore on Kotak Mahindra Bank for not complying with the central bank's directions to furnish details of its promoter shareholding.
The bank was directed by RBI to furnish information about details of the...
The Reserve Bank on Friday issued a revised framework for resolution of stressed assets by banks after the Supreme Court in April struck down the apex bank's earlier circular which mandated that the resolution process begin immediately on the day after default of loans worth over Rs 2,000...
The Reserve Bank of India (RBI), which has been subject to criticism from the Supreme Court for not sharing information under the Right to Information (RTI) Act, has again declined to share names and designations of officials responsible for monitoring and inspecting the fraud-hit...
For the first time ever, a government investigator has had the courage to call out to the Reserve Bank of India’s (RBI) weak supervision. The Serious Frauds Investigation Office (SFIO) has blamed RBI for its failure to detect what turned into a massive systemic scandal at Infrastructure...
