Last Friday, the Reserve Bank of India (RBI) did more than what the market was expecting from the central bank. It cut the policy rate…
Month: March 2020
A Bit Late But Reserve Bank Manages To Surprise The Market. Well Done
At 4.4 per cent, the Reserve Bank of India’s policy rate is now at its historic low. Ditto for the commercial banks’ cash reserve ratio…
KYC 2 KYB — Know Your Bank. How?
For quite some time now, most senior bankers working for government-owned banks have been suffering from a fear psychosis. Now the paranoia has spilled over…
The Curious Case of an Upset FINANCE MINISTER And an Apologetic BANKER
You must have come across the audio and video clips of India’s Finance Minister Nirmala Sitharaman giving vent to her frustrations at Rajnish Kumar, the…
Dear Reserve Bank Governor, Why Save The Bullet? Use It Now
On March 8, Uday Kotak, executive vice-chairman and managing director of Kotak Mahindra Bank Ltd, tweeted: “Coronavirus roils global financial markets, sparking chatter of coordinated…
YES BANK RESCUE: Finally, An Indian Version Of TARP?
Early Friday morning a senior banker woke me up with his outbursts on the phone: “Is this the way to save a bank? We are…
Have Our Bankers Forgotten To Lend?
Last week, addressing public sector bankers at an event in New Delhi, Finance Minister Nirmala Sitharaman asked them to go back to branch banking. Going…