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Rbi Deputy Governor K C Chakrabarty

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Cobrapost slams RBI clean chit to money laundering scam

 Whistle-blowing website Cobrapost.com on Saturday slammed the clean chit given by the Reserve Bank of India to the money-laundering practices exposed by it in ICICI Bank, HDFC Bank and Axis Bank.......

It's back to the drawing board for payment banks

 RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed. Illustration: Uttam Ghosh/Rediff.com The......

Do top execs of PSBs need a pay overhaul?

 “It is unsustainable for such (pay) differentials to continue without a major adverse impact on the recruitment and retention of talented managers in public sector banks” - P J Nayak......

How 'forex specialist' Shetty retired as deputy manager at PNB

 A large number of public sector bank employees, as a matter of routine, do not “take” promotions so that they are not transferred out of their hometowns. The eastern region is famous......

How to fix India's flawed banking system

 What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu. Illustration: Dominic Xavier/Rediff.com To the collective dismay of the public,......

Govt mulls 100% foreign investment in private banks

 It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent The Union government is holding talks to increase foreign investment limits in private sector banks to 100......

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