After taking his first step on the Moon on July 20, 1969, American astronaut Neil Alden Armstrong said: “That’s one small step for a man,…
BAD LOAN Resolution: How CRONY CAPITALIM Is Playing Out
In the last week of June, a State Bank of India-led consortium that had lent to fugitive businessman Vijay Mallya, the promoter of now defunct Kingfisher…
To BAN Or Not To Ban Cryptocurrency
Is it a bird? Is it a plane? At a 1992 World Cup match at The Gabba, commentators were at a loss as they wondered when…
Three Decades Of Liberalisation: Banking Highs And Lows
The liberalisation of India’s banking sector started soon after the opening up of the economy, with the release of the first Narasimham Committee report in…
What’s In Store For PMC Depositors
Hundreds of employees of Centrum Financial Services Ltd and Resilient Innovations Pvt Ltd (better known for its brand BharatPe) have been busy these days in…
A NEW ERA for MICROFINANCE
India’s microfinance industry has grown 10 per cent to Rs2.54 trillion in the March quarter over December quarter. The year-on-year growth has been 8.4 per…
GOOD Show But CAN Banks Sustain It?
The earning season is over. It’s time to take a look at how the banks have fared in a year when Asia’s third-largest economy has…
It Was Not Allowed To Fail
Extracts from `Pandemonium: The Great Indian Banking Tragedy’ https://www.amazon.in/dp/819464335X/ The sudden drop in deposits and the rise in provision for bad assets led to successive rating…