There are two kinds of doctors. One sort diagnoses the ailment, prescribes medicines and waits for the patient to get better. The other prefers to…
Month: August 2013
Have Indian banks gone to the dogs?
Mumbai: At one Indian bank—Central Bank of India—bad loans exceeded 6% of total advances in the quarter ended 30 June. At six more banks, four…
Bailing out banks, the RBI way
In early morning trading on Tuesday, the yield on the benchmark 10-year bond touched 9.49%. At this pace, it might cross double digits in a…
How good are our banks?
Gross bad assets of at least one bank—Central Bank of India—exceeded 6% of its advances in the June quarter. For another six banks, four of…
Bond yields at 9% leaves banks staring at Rs.45,000 cr depreciation loss
The benchmark 10-year bond yield touched 9% on Monday at 12.30pm, a level last seen on 25 August 2008. The banks will have to make…
Do Indian banks, RBI have freedom?
What does freedom mean for the Rs.75 trillion Indian banking industry? Or, for that matter, the 78-year-old Indian central bank? All interest rates, both for…
The rupee effect is evident in inflation data
The impact of a depreciating local currency is evident on India’s wholesale price inflation that rose to 5.79% in July, the fastest pace in five…
Govt, RBI fighting a losing battle on rupee
The rupee did not care much for finance minister P. Chidambaram’s measures to prop it up. The local currency opened weaker on Tuesday. At the…