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FM directs PSBs to pre-empt corporate frauds and wilful defaults - Vimarsana News

FM directs PSBs to pre-empt corporate frauds and wilful defaults

Deliberating on banking frauds, the finance minister said the menace poses a critical threat to the security of both individual customers and financial institutions, which could lead to financial losses and reduced public trust in the banking system | Latest News India

RBI must repeal notification allowing banks to undertake compromise settlement of wilful defaults: Cong - Vimarsana News

RBI must repeal notification allowing banks to undertake compromise settlement of wilful defaults: Cong

Addressing a press conference at the AICC headquarters here, AICC secretary Vineet Punia and Congress leader Amitabh Dubey said the financial burden on this country from fraud and wilful defaults has been severe.

The distress sale of national assets is unwise - Vimarsana News

The distress sale of national assets is unwise

The distress sale of national assets is unwise Updated: Updated: March 04, 2021 12:45 IST The government’s intent to offload public sector units and banks will only result in the long-term loss of public wealth Share Article AAA The government’s intent to offload public sector units and banks will only result in the long-term loss of public wealth The origin of the ongoing crisis in the Indian economy was the fateful night of November 8, 2016. Dr. Manmohan Singh’s prescient words in Parliament — that demonetisation would lead to a 2% drop in the GDP — were not heeded by Prime Min...