Joe Biden calls for tougher penalties for executives of failed banks

Biden wants the FDIC to force the return of compensation paid to bank executives should they fail and to lower the threshold for the regulator to impose fines and bar them from working at another bank.

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Yes Bank-JC Flower deal: Delhi HC asks RBI, SEBI, Govt to respond on charges of dubious deal raised by PIL

Petitioner Subramanian Swamy said a prevalence of “growing rot” in the private banking sector, which has been further accelerated by the “perpetual decay” of corporate governance and ethical standards

from | The HinduBusinessLine https://ift.tt/luMXOpo

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IDBI Bank disinvestment: 'Transaction on track as per process', DIPAM rubbishes media reports

from Banking/Finance-Industry-Economic Times https://ift.tt/dzXhYTS

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Startups realise Indian banks safer: IT minister

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SVB’s lesson is on prudence, but Indian banks stable: RBI governor

RBI governor Shaktikanta Das has said that events around the Silicon Valley Bank (SVB) failure in the US highlight the need for banks to be prudent in their asset-liability management and grow their deposits in a sustainable manner. He also said that the incident brings out the dangers that cryptocurrencies pose to banks.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bdfMqCB

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