Alok Prasad, chief executive officer (CEO) of the Micro Finance Institutions Network (MFin), a lobby group for India’s Rs.30,000 crore microfinance industry, is a happy…
Month: June 2014
Good times ahead for banking?
With Narendra Modi-led government at the helm, most bankers feel acche din aane wale hai (good times are coming). Their belief has been strengthened after…
Shikha Sharma | The liberal banker
There are two reasons why Shikha Sharma, managing director and chief executive officer (CEO) of Axis Bank Ltd, India’s third largest private lender, considers this…
Retail inflation drops sharply but drought may spoil the party
India’s consumer price inflation rose 7.31% in June, a 43-month low, and sharply lower than consensus market expectations of 7.95%. In May, it was 8.28%….
The task ahead for RBI
The change in the language of the Reserve Bank of India’s (RBI) second bi-monthly policy review last week is unmistakable. The stance has become softer…
RBI’s SLR cut is symbolic of better days ahead
In sync with market expectations, the Indian central bank on Tuesday left its key policy rate as well as banks’ cash reserve ratio (CRR), or…
RBI policy: Expect status quo; stance may be less hawkish
In the March quarter, the Indian economy grew 4.6%, making it the eighth successive quarter in which the world’s third largest economy in terms of…