PSBs should focus on robust asset-liability & risk management: Sitharaman

Union finance minister Nirmala Sitharaman on Saturday asked public sector banks (PSBs) to adhere to the regulatory norms and focus on robust asset liability and risk management elements.     “Banks should integrate corporate governance policies and ensure prudent liquidity Read More …

PSBs should focus on robust asset-liability & risk management: Sitharaman

Union finance minister Nirmala Sitharaman on Saturday asked public sector banks (PSBs) to adhere to the regulatory norms and focus on robust asset liability and risk management elements.   “Banks should integrate corporate governance policies and ensure prudent liquidity management,” Read More …

Time right for banks to address gaps in governance framework, says RBI Deputy Guv

A top Reserve Bank of India (RBI) official has said the time is right for boards of Indian banks to address gaps in governance frameworks, including ensuring appropriate risk management practices and adhering to acceptable customer and market conduct. RBI Read More …

Failure of Banks and Financial Institutions: Regulators can only have a roadside view of risks

The adequacy of regulations and efficacy of regulators in preventing the failure of banks and financial institutions (BFIs) has again been under debate after the recent failure of three smaller banks such as the Silicon Valley Bank (SVB), Signature Bank Read More …

Michael Milken says recent crisis is the same mistake banks have been making for decades

Famed investor Michael Milken said Tuesday that the current banking crisis stemmed from a classic asset-liability mismatch that has played out miserably time and again in history. “You shouldn’t have borrowed short and lent long… Finance 101,” Milken said on Read More …