Advance estimates of growth numbers underestimate reality, says RBI study

Advance estimates need to be supplemented with other high frequency indicators

from Business Line - Money & Banking https://ift.tt/2JEPOIk

Read more »

FPIs can invest in treasury bills issued by Central Govt: RBI

The Reserve Bank of India on Tuesday clarified that foreign portfolio investors (FPIs) can invest in treasury bills issued by the Central Government.

from Business Line - Money & Banking https://ift.tt/2rd75lp

Read more »

After Nirav Modi episode, what Punjab National Bank is doing to curb frauds?

The second largest public sector lender had reported an alleged fraud of over Rs 13,000 crore by diamantaire Nirav Modi in February-March this year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2jiB0nA

Read more »

Credit norms tightened to curb frauds, says PNB

The process is divided into 4 components with different employees focused on sourcing; appraisal, processing and underwriting; documentation and disbursement and recovery, PNB said.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2HEu5DT

Read more »

PNB will bounce back in 6 months, says CEO

Our BureauPunjab National Bank (PNB), which has been facing a lot of turbulence since January this year, will bounce back in six months, a top offici

from Business Line - Money & Banking https://ift.tt/2FwJdgA

Read more »