Topic: Bad Loans
Praveen Kumar, under secretary at the PMO, said that the information sought does not come under the definition of information in the RTI Act.
From a banking crisis to interest rates, the RBI has often found itself on opposing sides to the Modi government this year.
CVC identifies 100 bank frauds to understand and prescribe solutions, so that the systemic failure which led to a surge in NPAs can be addressed.
Congress president also alleged that crony capitalists got their Rs 3.16 lakh crore debt written off using public money.
The forces that hastened Lehman’s demise have steadied emerging markets in the last 10 years.
The reckless lending by PSU banks is seen as an outcome of pressure by UPA government to step up credit.
Former RBI governor Raghuram Rajan in a note to a parliamentary panel said slow decision-making and over-optimism among bankers aggravated the bad loa...
The state of the economy continues to be on top of everyone's mind, especially Prime Minister Narendra Modi, who lauded his government's growth achievements.
RBI's focus on pressing issues like the banking system deserves more attention after two years of cash ban frenzy and counting of old notes.
Govt has also asked RBI to suggest a time frame for the consolidation to create better-capitalised lenders and improve regulatory oversight.