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Daily Archives: September 29, 2016

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Factors why Rupee falling against Dollar

Foreign ExchangeBy Surendra NaikSeptember 29, 2016

The first two decades after independence, India had almost a constant peg against the US dollar at Rs.4.75/$, how the value of Indian Rupee drifted down to present level? In replying to the above question, I would like to add-on how our economy has been time and again battered due to various factors which led…

Publishing of photographs of declared wilful defaulters

Bank NewsBy Surendra NaikSeptember 29, 2016

The penal measures that can be taken against wilful defaulters are outlined in RBI circular DBR.CID.BC.No.22/20.16.003/2015-16 dated July 1, 2015. In this regard, RBI made an observation that the Photographs of defaulters/guarantors are published indiscriminately by some of the lending institutions. In this context, the apex bank has directed lending institutions as under. (i) A…

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