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Prudhviraj Rupavath
50 PMC Bank Depositors Died of Financial Stress in Past 10 Months
29 Jul 2020
Distressed depositors are urging the RBI to immediately find a solution for the bank only to save their families.
PTI
84,545 Bank Fraud Cases Worth Rs 1.85 Lakh Cr Reported During 2019-20: RBI
27 Jul 2020
The total number of bank branches closed in 2019-20 are 194, including 78 SBI branches and 25 of Fino payments Bank limited, as per an RTI reply.
Prudhviraj Rupavath
Banks’ Gross NPAs May Rise to 14.7% Due to COVID-19 Pandemic: RBI
25 Jul 2020
The central bank’s survey found that three sectors -- tourism and hospitality; construction and real estate; and aviation -- have been adversely affected by the COVID-19 pandemic.
Prudhviraj Rupavath
Punjab National Bank Delayed Red Flagging Rs 3,688 Crore DHFL Loan as Fraud
10 Jul 2020
The bank’s revelation comes at a time while forensic audit of DHFL books is ongoing alongside the company’s resolution process.
Abir Dasgupta, Paranjoy Guha Thakurta
Jio Payments Bank and SBI: A Camel Inside A Tent?
02 Jul 2020
Are there clear conflicts of interest in the joint venture between SBI and Jio Payments Bank? With over Rs 1 lakh crore of foreign investments in Reliance Jio, bankers are expressing concern about…
PTI
NPAs May Zoom up to 14% Due to COVID-19, Loan Recasts to Only Defer Problem: S&P
30 Jun 2020
Non-bank finance companies will be more hit as compared to banks because of lending to weaker sections, reliance on wholesale funding, and liquidity difficulties, said the global rating agency.
Newsclick Team
Middle Class Has Lost Faith in Economy
29 May 2020
A new survey by CreditVidya has found that there has been a rapid decline in the income and spending of around 53 crore people belonging to the consumer class in India.
Abir Dasgupta, Paranjoy Guha Thakurta
Is Reliance’s Rights Issue Over-Valued?
20 May 2020
India’s “biggest-ever” rights issues of shares by the country’s single-largest private corporate entity, Reliance Industries Limited, is under way at a time when the economy is in terrible shape. Is…
Newsclick Team
Will Government Intervention on Mutual Funds and Insolvency Proceedings Calm Nerves?
29 Apr 2020
The Reserve Bank of India has intervened to prevent panic after Franklin Templeton closed six mutual fund schemes and the Finance Ministry has postponed insolvency proceedings.
PTI
MONEY HEIST? Over Rs 68,600 Cr Loans of Wilful Defaulters Written Off Till Sept 30, Says RBI
28 Apr 2020
Mehul Choksi, Vijay Mallya firms among those who got away with massive bank loan defaults, reveals the apex bank’s reply to RTI activist Saket Gokhale.