Almost every week, Mahesh Kumar Jain, IDBI Bank Ltd’s managing director and chief executive officer (CEO), catches a flight from Mumbai—where the bank is headquartered—to…
Month: June 2017
Viral V. Acharya: The change agent
Within a month of taking over as a deputy governor at the Reserve Bank of India (RBI) on 20 January, Viral V. Acharya, addressing a…
The new phase of RBI-finance ministry conflict
In media and India’s financial circle, speculation is mounting on the “deteriorating” relationship between the finance ministry and the Reserve Bank of India (RBI) and…
Why India’s bad loan problem is really bad
Last week, Spain’s largest lender Banco Santander SA announced taking over struggling Banco Popular Espanol SA for a symbolic value of €1. Santander also plans…
Evolution of Urjit Patel as RBI governor
The Reserve Bank of India’s (RBI) first bimonthly policy of the current financial year in April projected average inflation of 4.5% in the first half…
Expect a less hawkish RBI, but the monetary policy stance may not change
India’s retail inflation dropped to 2.99% year-on-year in April from 3.89% in March. Lower food price inflation and the so-called base effect played a role…