Tag Archives: indian banking system

NEW DELHI: The Reserve Bank of India (RBI) proposal to allow large corporate houses creating banks is a “bomb”, former RBI governor Raghuram rajan and former lieutenant governor Viral Acharya wrote in a joint article Monday. Emphasizing the need to adhere to tried and true limits on business involvement in …

Between 2010 and 2017, several Indian banks, regardless of ownership (public, private and foreign) helped facilitate transactions reported by the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department for alleged money laundering, terrorism, trafficking drug and financial operations. fraud, the latest leaks suggest. The International Consortium for Investigative Journalism …