The high point of 2012 was Indian central bank’s resounding victory over inflation. After a three-year dogged fight, the Reserve Bank of India (RBI) was…
Month: December 2012
New bank licences: Waiting for Godot
Finance minister P. Chidambaram has kept his word. He has pushed through an amendment to banking laws in Parliament to strengthen regulatory powers of the…
SME segment will be India’s growth engine: Roopa Kudva
Crisil Ltd,India’s oldest rating agency, doesn’t call itself a rating agency any more. Its chief executive and managing director Roopa Kudva prefers to call Crisil…
No-action policy ahead of January rate cut?
It is fairly certain that the Reserve Bank of India (RBI) will leave key interest rates unchanged in its monetary policy review on Tuesday. In…
Beyond the politics of the banking law amendment
The government may have persuaded the opposition to agree to the amendment of the country’s banking law, a move that, among other things, will pave…
Why are bank stocks rising?
India’s banking system is not in the pink of health. Rating agency Moody’s Investors Service reminded us of this last week by maintaining its negative…
Cash transfer—are banks ready?
From 1 January, the subsidy amount for 29 of 42 welfare schemes of Indian government will go directly into the bank accounts of the beneficiaries…