In December 2019, allaying the fear of three Cs – the Central Bureau of Investigation, Central Vigilance Commission and Comptroller and Audit General – Finance…
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Three Cheers And Three Challenges
An open letter to Reserve Bank of India Governor Shaktikanta Das Dear Governor, Congratulations. You are not the first governor to get an extension but…
Peanut PENALTY And REPUTATION Risks For Banks In INdia
Last week, the Reserve Bank of India (RBI) slapped a Rs1-crore penalty on the State Bank of India for delay in reporting fraud in one…
Why Reserve Bank Has SHOCKED Srei
It’s a fast and furious Reserve Bank of India (RBI). I am talking about the way the banking regulator is pushing for bankruptcy proceedings for two Kolkata-based…
Bank PRIVATISATION Is Far More Difficult Than CONSOLIDATION
India needs more banks to match the scale of the nation’s largest lender, the State Bank of India. Finance Minister Nirmala Sitharaman reiterated this last…
Reserve Bank Of India Prepares The Market For Return To Normalcy
To use a cliché, the three-day meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), which ended on Friday, has…
Status Quo On Policy Stance But Liquidity Sugar Rush Should End
At its last meeting, the US Federal Reserve’s rate-setting body, the Federal Open Market Committee (FOMC), opted for status quo but made it clear that…
How GOOD Is The BAD Bank
Ever since Finance Minister Nirmala Sitharaman announced a Rs30,600 crore government guarantee for the bad bank, the body language of the bankers has changed. The guarantee…