Indian central bank’s rate-setting body, the Monetary Policy Committee (MPC), will hold its second meeting of the current fiscal year this week. At its first…

Extracts from `Pandemonium: The Great Indian Banking Tragedy’ https://www.amazon.in/dp/819464335X/ Sometime in September 2018, an anonymous letter reached Reserve Bank of India Governor Urjit Patel’s table, alleging…

In 2014, when I was writing my second book on India’s largest shadow bank, I wanted certain information from India’s banking regulator. One of my…

I am a Rana – a warrior, always ready to battle my way to victory. That was Rana Kapoor’s attitude and persona from his formative…

The Reserve Bank of India (RBI) panel, undertaking “a comprehensive review” of the working of the asset reconstruction companies (ARCs), has invited views and suggestions…

Extracts from `The Pandemonium: The Great Indian Banking Crisis‘ https://www.amazon.in/dp/819464335X/ The findings of the interim report of a forensic audit code-named Project Icarus, by Grant Thornton,…

Many moons ago, when I was finding my feet in bank reporting, Sujit Banerji, then corporate business head at Citibank NA in India, unfolded before…

A common theme for all mergers in the public sector banking industry is that the CEOs of the banks involved were not in the know,…