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BANK SUPERVISION DELAYS
Fed review finds supervisory delays contributed to Silicon Valley Bank failureFederal Reserve supervisors knew of Silicon Valley Bank's weaknesses early. Action was delayed despite identified vulnerabilities in the ba...
ET Exclusive: 'Personally, I don’t have any assets. That is a stated fact,' says Zee founder Subhash Chandra amid 99.97% haircut rowIn an exclusive interview with ET, Zee founder Subhash Chandra rejects criticism over his personal insolvency settlement, saying the ₹22,00...
Donald Trump eyes four more chances to reshape Fed; seeks Cook’s removal over mortgage documentPresident Trump seeks to increase his influence over the Federal Reserve. Court challenges and Senate resistance have met his efforts so fa...
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%Market breadth is important, especially at this point of time. It is a better indicator of both underlying sentiment and what is likely in ...
When AI agents start fixing financial systems, trust becomes the real currencyAs AI agents move beyond detecting problems to resolving them autonomously, financial institutions face a new challenge: balancing speed wi...
The company is losing money. So why is the boss still taking crores?Companies pay money to the people who run them, and these are often the same people who influence how much they should get. Does this numbe...
Ram Temple Trust tightens donation oversight, reviews SBI role after alleged counting irregularitiesThe Trust announced administrative and religious reforms for better temple management. An investigation into donation counting irregulariti...
RBI tells banks to improve effectiveness of tech solutions for compliance“The review brought out that automation of the compliance monitoring process in SEs (supervised entities) remains a work in progress with v...
G20 finance chiefs set to discuss reforms to development banks, crypto, debtThe first volume of a report on strengthening multilateral development banks by an expert group set up under the G20 and a "guidance note" ...
US Fed plans broad revamp of bank oversight in wake of SVB collapseIn what Fed Vice Chair for Supervision Michael Barr called an "unflinching" review of the U.S. central bank's supervision of SVB, the Fed s...
RBI to assess large value frauds to identify reporting delaysThe regulator is engaged in interlinking various databases and information systems to improve fraud monitoring and detection.
Up to 24% defaulters had safe credit rating: RBI reportThe study has concluded that ratings do not always reflect the asset quality of borrowers in a timely manner and there are concerns over de...
RBI issues new circular on stressed assets, drops 1-day default normNew norms give complete discretion to lenders with regard to design of resolution plans.
RBI’s oversight mechanism for NBFCs robust, says DasNBFCs have been in focus in the last few months following a meltdown in infrastructure finance NBFC, IL&FS.
Federal Bank fined Rs 5 cr for non-compliance of RBI normsThe lender was found to have not complied with RBI directions on reporting of data on Central Repository of Information on Large Credits (C...
ICICI probe finds no irregularities in 31 loan accountsThe largest private sector lender said that it received anonymous complaint against the treatment of these 31 accounts in March.
NDA government to bring broad changes in MNREGANDA to bring broad changes in the rural job guarantee scheme launched by UPA by proposing at least Rs 25,000 cr investment into agriculture...
- Government tells regional rural banks to recruit through IBPS' common written test
FinMin has told Nabard to finalise the details of the common exams in consultation with the department of financial services and IBPS.
- Banks likely to get more time to adapt stricter capital rules
Banks worldwide will be given more time to adapt to stricter rules on the amount of capital they have to hold, government officials in Japa...
- ICICI shows door to former CEO of Russia unit
The official, who was ICICI Bank Eurasia LLC’s former president and CEO for around two years was found to have entered into “improper deali...