t’s official: The strategic debt restructuring (SDR) scheme, introduced by the Reserve Bank of India (RBI) in June 2015 to address the rising bad debt…
Month: June 2016
After Raghuram Rajan, who?
On 7 August 2013, little less than a month ahead of Raghuram Rajan taking over as governor of the Reserve Bank of India (RBI), Indian…
Book excerpt | Bandhan—the making of a bank
There have been many books on microfinance, in India and overseas. Most of them have been written either from the point of view of the…
Payments banks: How many more will call it quits?
Reserve Bank of India (RBI) governor Raghuram Rajan is not “overly perturbed” about payments bank licences being surrendered. This, according to him, is a reflection…
RBI set for a long pause, rate cut unlikely in August
Nobody expected the Reserve Bank of India (RBI) to cut its policy rate or even tinker with the liquidity measures in its bi-monthly monetary policy…
Raghuram Rajan’s fate, not rate cut, focus of markets
No prizes for guessing what the Reserve Bank of India (RBI) governor Raghuram Rajan will do when he unveils the bi-monthly monetary policy on Tuesday….
How many banks are swimming naked?
On 2 October 2014, Prime Minister Narendra Modi launched Swachh Bharat Abhiyan—India’s biggest ever cleanliness drive. Around three million government employees and students of schools…