Eleven in-principle licences for payments banks have been a pleasant surprise. Not too many were expecting the banking regulator to be so liberal. In the…
Month: August 2015
India gets a new bank
After little more than a decade, a new private bank is born in India—Bandhan Bank Ltd. This is the first bank to come up in…
Banks’ bad loan tale gets worse
Nineteen out of 39 listed Indian banks have recorded a drop in profits in the June quarter and for some of them, the decline is…
Capital infusion in public sector banks a band-aid solution
Shares of India’s state-run banks have been rallying since 31 July when finance minister Arun Jaitley announced a Rs.70,000 crore capital infusion into this set…
RBI will be in no hurry for the next rate cut
There is no surprise in the Reserve Bank of India’s (RBI) third bi-monthly policy statement on Tuesday. As expected by a wide segment of the…
RBI may opt for status quo on policy rate
Driven by higher food prices, retail inflation in India accelerated to a nine-month high of 5.4% in June, from 5.01% in May, and above the…