Hundreds of employees of Centrum Financial Services Ltd and Resilient Innovations Pvt Ltd (better known for its brand BharatPe) have been busy these days in…
Month: June 2021
A NEW ERA for MICROFINANCE
India’s microfinance industry has grown 10 per cent to Rs2.54 trillion in the March quarter over December quarter. The year-on-year growth has been 8.4 per…
GOOD Show But CAN Banks Sustain It?
The earning season is over. It’s time to take a look at how the banks have fared in a year when Asia’s third-largest economy has…
It Was Not Allowed To Fail
Extracts from `Pandemonium: The Great Indian Banking Tragedy’ https://www.amazon.in/dp/819464335X/ The sudden drop in deposits and the rise in provision for bad assets led to successive rating…
The ROAD AHEAD For STATE BANK
In three months ending March 2021, the State Bank of India posted Rs6,451 crore net profit, its highest quarterly profit. For the full financial year, its Rs20,410…
A Policy Of Continuity With Change
The no-action, status-quo monetary policy of the Reserve Bank of India (RBI) signals continuity with change. Let’s take a close look at what has been continuing and…
From YES BANK To NO BANK
Extracts from `Pandemonium: The Great Indian Banking Tragedy’ https://www.amazon.in/dp/819464335X/ Bharat Patel, former chairman, Procter & Gamble India, a part of the first board of the bank,…