While announcing the big fat recapitalisation of banks, any government, anywhere in the world, is bound to face the predicament of Larry Fortensky. On his…
Month: October 2017
The untold story behind IndusInd Bank-Bharat Financial merger
Seven years ago, on 11 October 2010, the Andhra Pradesh government notified an ordinance that almost killed SKS Microfinance Ltd (SKS), now known as Bharat…
How borrowers are exploited by banks
An internal study group of the Reserve Bank of India (RBI), chaired by Janak Raj, principal adviser, monetary policy department, has lambasted commercial banks for…
RBI governor Urjit Patel: We’ve started seeing the upturn in economic growth
Mumbai: In his first interview to any newspaper since he took over as Reserve Bank of India (RBI) governor in September 2016, Urjit Patel discussed…
RBI governor Urjit Patel: Visible signs of growth in second half
Mumbai: In an interview two days after the October monetary policy that left the policy rate unchanged, raised the year-end inflation projection marginally and pared…
The next rate cut is uncertain
The Reserve Bank of India (RBI) has kept its policy rate unchanged at 6% and the stance of the October monetary policy continues to remain…
RBI may not cut repo rate now, action likely in December
India’s central bank is under pressure for a cut in its repo rate. The provocation is a sudden slump in the economic growth in the…