In August, the Reserve Bank of India (RBI) announced an increase in the frequency of credit information reporting by banks to credit bureaus, mandating fortnightly or…
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Khara Era Ends, Setty Has New Challenges
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…
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…
P2P Industry: When Will Reserve Bank of India Walk The Talk?
The following incident succinctly sums up what’s happening on India’s peer-to-peer (P2P) lending landscape. In May, Mr A invested Rs 10,000 to be lent to…
Fiscal Consolidation: Yes. But Banking Reforms Will Have To Wait
This is Union Finance Minister Nirmala Sitharaman’s seventh successive Budget, the highest by any finance minister, surpassing Morarji Desai’s six. Also, this is Sitharaman’s shortest Budget…