This is not a joke. If the regulator allows, one can buy three public sector banks from the market—State Bank of Mysore, United Bank of…
Month: January 2016
A ‘call money’ market in Andhra Pradesh
Two Indian states are witnessing a different kind of call money market. Investopedia, an Internet financial dictionary, describes call money as money loaned by a…
Why is bank fraud rising?
On 30 December, the Mumbai Police’s Economic Offences Wing arrested an executive of Bank of India who had been on suspension in connection with a…
The fiscal-monetary conundrum
Even though growth is faltering and recession is staring hard at some European nations, they have been on an austerity drive—something India should strive to…