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Prompt Corrective Action Framework

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CBI @ 50: PM vows to protect its legality

Prime Minister Manmohan Singh lauded the Central Bureau of Investigation as it completed 50 years during an address to senior officers at the at international conference on ‘Evolving common......

Gujarat genocide: The State, law and subversion

The Gujarat genocide in 2002, resulting in the killing of nearly 1500 innocent citizens, mostly from India's major minority community, and the subsequent pervasive subversion of governmental......

US-India ties: The year of the drift

'The current period of implementation and consolidation will put the relationship on an even sounder footing when the leaders in both capitals determine it is time to quicken the pace,' US experts......

Naxals are our own people, says PM

The full text of the prime minister's motion of thanks to the President's address.Madam Speaker, I join all Members of Parliament in expressing our grateful regards and thanks to the honourable......

RBI brings Bank of India under corrective action

The RBI has initiated a 'prompt corrective action' against Bank of India for mounting bad loans, placing various restrictions on it including issuing of fresh loans and dividend distribution, BoI......

PSU banks likely to get capital support in Q4

The government is likely to pump capital in public sector banks during the last quarter of the current financial year to meet the regulatory requirements. The government in the Budget 2021-22 has......

RBI flags concentration risk among govt-NBFCs, all tied to power sector

The top 50 exposures, amounting to Rs 7.8 trillion, of government-registered non-banking financial companies (G-NBFCs) constitute about 40 per cent of corporate credit within the NBFC sector,......

Rs 3 lakh cr recovered from big corporate loan defaulters, says Goyal

Finance Minister Piyush Goyal on Friday said Rs 3 lakh crore have been recovered from big corporate loan defaulters. Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal said,......

Why Urjit Patel met PM Modi

The meeting came amid a face-off between the central bank and the finance ministry over issues ranging from appropriate size of reserves that RBI must maintain to ease of lending norms to step up......

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