In the last week of July, the board of directors of Axis Bank Ltd, India’s third largest private bank by assets (Rs6.07 trillion in June…
Month: August 2017
The men and boys of Indian banking
For every Rs100 lent by Mumbai-based IDBI Bank Ltd, Rs24.11 has turned bad. This means, it does not earn any interest from almost one-fourth of…
70 years of banking: When will the financial repression end?
W.E. Preston, a member of the Royal Commission on Indian Currency and Finance, set up in 1926, once said: “… it may be accepted that…
The costs and benefits of demonetisation
The Reserve Bank of India (RBI) is transferring Rs30,659 crore of its surplus to the government for financial year 2016-17 (July-June), less than half of…
What next, Crisil?
Rajesh Mokashi, managing director and chief executive officer of Care Ratings Ltd, will complete his first year in the new role later this month. He…
Next RBI rate cut uncertain, liquidity management a bigger challenge
Everyone had been expecting the Reserve Bank of India (RBI) to cut its policy rate by a quarter of a percentage point. The Monetary Policy…