A Reserve Bank of India (RBI) working group’s suggestion to create an Indian Banks Base Rate (IBBR) to which all commercial banks can link their…
Month: April 2014
Sahara hasn’t done anything against the law: Subrata Roy
Sahara Group, which obtained a stay from the Calcutta high court in December on the publication of Mint journalist Tamal Bandyopadhyay’s book Sahara: The Untold…
If NPAs are high, everybody is responsible: K.C. Chakrabarty
Mumbai: In August 2010, Reserve Bank of India’s (RBI’s) senior most deputy governor K.C. Chakrabarty was stripped of most of his key portfolios for reportedly…
How RBI blocked evergreening of overseas loans
The fact that India’s banking regulator is annoyed with the rising bad loans of banks is well known. In the past few years, the pile…
New bank licences: Why RBI chose only two banks
My last week’s column on differentiated licensing evoked strong response from stakeholders. A couple of entities that had applied for a bank permit but did…
Rate cuts may not happen without inflationary pressures easing
The March Wholesale Price Index (WPI) inflation at 5.7% grew at the fastest pace since December and above the consensus estimate of 5.3%. The so-called…
How different will be a differentiated bank licence?
Quite a few companies that failed to get a banking licence from the Reserve Bank of India (RBI) are going back to the drawing board…
Debenture redemption reserve blow to NBFCs
The new companies law has come into effect from 1 April. Section 71(4) of the law requires every company that issues debentures to create a…