RBI Norms - Audit Giants Can’t Continue Their Cosy Arrangements with Private Banks and NBFCs
The integrity of audits in banks & NBFCs has received a major boost, while global audit firms have been dealt a body blow by the RBI’s new...
463 Views
RBI’s IWG Recommends Foxes Be Put in Charge of Chicken Coops: Cites Foxes’ Experience & Expertise
“What is the robbing of a bank compared to the founding of one?” – Bertolt Brecht. If RBI's IWG recommendation is accepted it will institutionalise...
346 Views
RBI Proposal to Convert Large NBFCs into Banks: No Solution to the Problem of Regulatory Failures
Instead of forcible conversion to banks the RBI should ensure that it improves the regulation of important NBFCs so as to ensure that these...
337 Views
Reserve Bank of India - Still Fiddling Around A Year On
* RBI Proposal Seeks Comment By Mid-July: The Reserve Bank of India (RBI), which took over the regulation of the housing finance companies (HFCs)...
473 Views
India Banks – An Open Wound
It is unclear which bank or NBFC will be next. Dewan Housing Finance (DEWH IN) went bankrupt last year. IL&FS went bankrupt the year before....
443 Views