The systems and processes at India’s largest lender, the State Bank of India (SBI), are so rigid that no chairman can make more than a…
Month: August 2024
BANKS Are CAUGHT In A TRAP
The earnings season is over. Barring a few, most listed banks have recorded handsome net profits in the June quarter of the current financial year….
BANK DEPOSITS: Barking Up The Wrong Tree?
What do Finance Minister Nirmala Sitharaman, Reserve Bank of India (RBI) Governor Shaktikanta Das, and Financial Services Secretary Vivek Joshi have in common? All three…
RBI POLICY: No Concern On GROWTH, No Comfort On INFLATION
Not too many were expecting a rate cut by the Reserve Bank of India (RBI) despite the recent turmoil in global markets and near-certainty about…
NO Rate Cut but Dovish Undertone likely
On August 1, in a closely-run decision, the Bank of England lowered its main interest rate by a quarter percentage point to 5 per cent, marking…