RBI flags concerns over high govt debt

The Reserve Bank has said the increased government borrowing due to the pandemic has intensified concerns over its sustainability and led to fears of crowding out the private sector. Continue Reading

Finance Ministry reviews implementation of ANBP with secretaries

Banks have sanctioned additional credit amounting to Rs 2,05,563 crore to 80,93,491 borrowers under the Emergency Credit Line Guarantee Scheme (ECLGS). Continue Reading

Asia Pacific banks lag in integrating fraud compliance functions: FICO survey

A recent survey by global analytics software firm FICO has revealed that only 18 per cent of Asia Pacific (APAC) banks have a strategic plan to fully integrate their fraud and anti-money laundering (AML) compliance functions, even though 71 per cent say that convergence will improve the ability to stop fraud and financial crimes. Continue Reading

CAIT demands enquiry by govt to probe e-commerce cos, banks

Traders’ body CAIT demanded a high-level enquiry by the Centre to probe the “unholy nexus” of e-commerce firms, companies owning brands and banks for causing price distortion in the country’s e-commerce market. Continue Reading