There are no prizes for guessing what Reserve Bank of India (RBI) governor Raghuram Rajan will do on 30 September when the central bank announces…
Month: September 2014
U.K. Sinha: Smart as a whip
Upendra Kumar Sinha holds the unenviable record of being the only regulator against whose appointment four public interest litigations, or PILs, have been filed. Hundreds…
We need bankruptcy law to tackle defaulters
The Gujarat high court has recently struck down a Reserve Bank of India (RBI) regulation on wilful defaulters which bars all directors of a defaulting…
RBI needs new clothes
In January 2014, Reserve Bank of India (RBI) governor Raghuram Rajan ran the Mumbai marathon. Rajan, a former International Monetary Fund (IMF) chief economist, was…
The curious case of a Citibank fraudster
A recent Press Trust of India report on Shivraj Puri, the alleged mastermind of the Rs.400 crore Citibank scam, makes an interesting point: in India…
No respite from rising bad loans
Net profits of the 30 constituents of BSE’s benchmark 30-share Sensex have grown 19.3% in the June quarter from a year earlier, in line with…
We can’t be seen as a paper tiger: RBI’s Raghuram Rajan
Mumbai: The Reserve Bank of India (RBI) wants to reach its target of limiting retail inflation to 6% by 2016, but that doesn’t necessarily mean…