TCS to implement Reserve Bank’s CIMS for Rs 310 crore

The project has to be completed within a year of the commencement of the contract with the RBI. The apex bank had invited expression of interest (EOI) in July 2018 for identification of solution provider for implementation of CIMS by overhauling the data warehouse (DW)…. Continue Reading

Will loans become cheaper? First MPC meet under new RBI Governor to decide

After big ticket income tax rebates announced by Finance Minister Piyush Goyal in Budget 2019 speech, all eyes are on the first RBI Monetary Policy Committee (MPC) meet under Shaktikanta Das scheduled from 5 to 7 February.
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Kotak Mahindra Bank vs RBI: Should Indian banks stay only in Indian hands?

As an RBI deadline ends on Monday for Kotak Mahindra Bank to reduce promoters’ stake, the clamour has increased for a review of the central bank’s ownership guidelines for the country’s private sector lenders.  Continue Reading

RBI vs Centre power struggle: Who will emerge top?

The huge public rift between the government and the Reserve Bank of India will play out after RBI board meeting today. The meeting was the first since the conflict became public knowledge and the full extent of damages and compromises is expected to be known after the meet. Continue Reading

HC issues notice to IDBI regarding corporate defaulters

The Madras High Court on Wednesday issued a notice to the Insolvency and Bankruptcy Board of India (IDBI) on a petition which sought to restrain it from proceeding with insolvency applications of corporate bank loan defaulters. Continue Reading

SC asks Centre where is WhatsApp grievance officer

The Supreme Court today sought response of the Centre and WhatsApp on a plea alleging that the social media giant does not comply with the provision of appointing a grievance officer and other laws of India. Continue Reading