RBI Gold News

RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank

Gold Silver Reports (GSR) – RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank — Chief executive officers at HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. —the nation’s largest private lenders by assets — are among bankers yet to receive bonuses for the financial year ended 31 March 2017, as the Reserve Bank of India hasn’t signed off on the proposed payments, the people said, asking not to be identified as the information is private. They declined to give further details. Business Standard newspaper had previously reported the delays.                               

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PNB Fraud: Nirav Modi's Assets, Valuables worth Rs 255 cr Seized by Enforcement Directorate in Hong Kong

RBI says Examining Enforcement Action; PNB Fraud Case

Gold Silver Reports (GSR) – RBI says Examining Enforcement Action; PNB Fraud Case — Replying to an RTI query, the central bank also said it has been issuing necessary instructions to banks from time to time on a variety of issues of prudential supervisory concern, including the management of operational risks inherent in the functioning of banks.                                   

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Banking Sector Burdened by Increasing Bad Loans

Banking Sector Burdened by Increasing Bad Loans

Gold Silver Reports — India’s under-capitalized lenders should be restricted from expanding deposits and loans to help revive the banking sector burdened by increasing bad loans, a deputy governor at the nation’s central bank said.

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Central Bank Owners in Revolt Over $140 Payout

Gold Silver Reports – In the wake of World War I, Mustafa Kemal Ataturk set out to create a central bank that would steer his new Turkish Republic through the wreckage of the Ottoman Empire and end its dependence on London and Paris. He implored people to invest and thousands did, many with their life savings.

It was a great bet, at least on paper — the bank is now the most profitable joint-stock company in Turkey, earning $5.6 billion last year alone. But the Treasury took the lion’s share, leaving the 6,000 or so individuals who own a combined 14 percent stake just $140 to divvy up.

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