-The Indian Express At present, 11 weak PSBs out of the 21 State-owned banks are under the PCA, which kicks in when banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets and return on assets. Lending to the corporate sector, particularly small and medium enterprises, is becoming increasingly difficult with more than half the country’s public sector banks (PSBs) now under the RBI’s Prompt Corrective Action (PCA)...

-The Economic Times KOLKATA: Charges for SMS alerts on banking transactions may not squeeze account holders much but can be a reasonable earning for many banks, especially in accounts with meagre monthly transactions though income from SMS alert service goes against the advisory from the sector regulator. While Reserve Bank of India told banks to send SMS alerts for every transaction as means to fight FRAuds, the regulator also directed banks to...

-The Telegraph New Delhi: The Centre on Thursday conceded in the Supreme Court that Aadhaar cannot be a panacea for detecting bank FRAuds like the one allegedly committed by diamantaire Nirav Modi, saying the scam would not have occurred if due "diligence" had been exercised by banks. The admission comes against the backdrop of the Centre's aggressive push for Aadhaar for the receipt of various government benefits and as an antidote to...

-NDTV The Information and Broadcasting Ministry headed by Smriti Irani has set up a committee that will discuss and recommend a regulatory FRAmework for online media. New Delhi: The government has amped up a move to regulate online media and news portals just after it was forced to take back a controversial order on punishing journalists for fake news on Prime Minister Narendra Modi's intervention. The Information and Broadcasting Ministry headed by...

-The Hindu The Compensatory Afforestation Fund is a deeply flawed and unjust mechanism Last month, Minister of State for Environment, Forests and Climate Change Mahesh Sharma informed Parliament that his Ministry has collected over ?50,000 crore in a Central compensatory afforestation fund (CAF). This money is to be used though the Compensatory Afforestation Fund (CAF) Act, 2016 or CAF, a purported mechanism to offset forest loss. Before issuing forest clearances to a...