Over a million employees in the banking sector and its consumers, roughly one-third of the nation’s adult population, will remember 2014 for the following reasons:…
Month: December 2014
New Year resolutions never made
Typically the last Banker’s Trust column every year is a fun piece on New Year resolutions never made by bankers and finance professionals. This year…
Global banks’ local woes in India
Addressing the press after the Reserve Bank of India’s (RBI) board meeting in Kolkata early this month, governor Raghuram Rajan said the federal government has…
Will RBI’s Raghuram Rajan go for another round of rate hike this week?
Retail inflation accelerated to 11.24% in November, faster than what most analysts had estimated, and the highest ever since this series of inflation data was…
India Post best bet for financial inclusion
The Reserve Bank of India (RBI) wants to expand banks’ footprint in Asia’s third largest economy where roughly two out of three adults don’t have…
Vikram Akula makes a comeback, wants to set up a small bank
Vikram Akula, once the poster boy of the Indian microfinance industry, is back in business. Akula, the ousted founder chairman of SKS Microfinance Ltd, India’s…
KKR’s entry will change the rules of the bad loan market
Birendra Kumar, managing director and chief executive of International Asset Reconstruction Co. Pvt. Ltd (IARC), should be all smiles today. Investment firm KKR and Co.,…
Rate cut a few months away
As expected, Reserve Bank of India (RBI) governor Raghuram Rajan has left the key policy rate as well as banks’ cash reserve ratio (CRR), or…