The last column of every year typically deals with the year that was. I would have loved to do that. By any yardstick, 2018 has…
Month: December 2018
Is Bank Recap Any Different From Farm Loan Waiver?
The CEOs of bad debt-laden state-owned banks should start partying, thanks to the early arrival of Christmas after a stressful year, relentlessly chasing rogue borrowers for…
An Open Letter To The RBI Governor
Dear Governor, The day you took over as India’s chief money man, you tweeted: “Assumed charge as governor, Reserve Bank of India. Thank you each…
Should India Have A Board-Managed Central Bank?
The US Federal Reserve periodically holds “open” board meetings. Typically, it begins at 10 am at the Marriner S. Eccles Building on 20th Street and Constitution Avenue, NW,…
Going Beyond Policy Statement, Reserve Bank Gives Guidance
The fifth bi-monthly monetary policy statement of the Reserve Bank of India (RBI) had no surprise as the central bank’ action — or, the lack…
No Rate Action Till February, After That It Could Be Wide Open
On October 5, when the Reserve Bank of India (RBI) announced its last bi-monthly monetary policy after a three-day meeting of its monetary policy committee…