For about a million public sector bank employees, the past fortnight has been extremely hectic. Senior executives could hardly sleep; they were busy video conferencing…

When Raghuram Govind Rajan came to India as the government’s chief economic adviser two years ago, everyone warned him about the bureaucracy. “People told me…

Investors rushed to buy public sector bank stocks last week after the finance ministry made it clear that the government would look into corporate governance…

The 2013 appointment of S.K. Jain, the suspended chairman and managing director (CMD) of Syndicate Bank, “lacked transparency and smacks of unfair practices,” The Indian…

Amanath Co-operative Bank Ltd, Karnataka’s first scheduled urban co-operative bank, is being taken over by public sector Canara Bank. Amanath Co-operative Bank’s operations were suspended…

The Reserve Bank of India (RBI) on Tuesday left its key policy rate as well as banks’ cash reserve ratio (CRR), or the portion of…

In cricketing parlance, this is a reasonably good pitch to bat on. India’s consumer price inflation rose 7.31% in June, a 43-month low, and much…

Now you know why the pile of bad loans in India’s state-owned banks has been rising and why both the banking regulator as well as…