Mumbai: The California-based subsidiary of State Bank of India (SBI), the nation’s largest lender, has been forced to clean up its books and tighten procedures…
Month: May 2013
BANKER’S TRUST | Why RBI should give up govt debt management
A day ahead of the annual monetary policy of Reserve Bank of India (RBI), the yield on the 10-year benchmark government bond dropped to 7.68%,…
BANKER’S TRUST | RBI’s mother-in-law syndrome
In cricketing parlance, it’s a good pitch to bat on for any central banker—relatively low wholesale price inflation and an even lower inflation outlook because…
RBI to go for rate cut, project lower inflation, higher growth
There are two compelling reasons for the Reserve Bank of India (RBI) to stick to its March stance that there is very little room for…