Since January, the Reserve Bank of India (RBI) has cut its policy rate by half a percentage point to 7.5% in two stages, but most…
Month: March 2015
UTI AMC: Whose baby is it anyway?
Leo Puri, managing director of India’s fifth largest mutual fund, UTI Asset Management Co. Ltd (UTI AMC), is in a bind. He wants the asset…
No respite from bad assets
Typically, in the last quarter of every financial year, commercial banks aggressively chase deposits and disburse loans to grow balance sheets and raise profitability. This…
Do we need Mudra Bank?
For the quarter ended 31 December, the aggregate loan portfolio of India’s for-profit microfinance institutions (MFIs) registered with the Reserve Bank of India (RBI) as…
Arun Jaitley’s smile, the rate cut, and a few questions
On Saturday, at the post budget press conference, the first question that India’s finance minister Arun Jaitley faced was: “Now that you have pushed the…
RBI will not be in a hurry to cut rates
Those who were expecting the Reserve Bank of India (RBI) to announce a policy rate cut shortly after finance minister Arun Jaitley presented the Union…