In the September 2015 review of monetary policy, the Reserve Bank of India (RBI) surprised the market by cutting its policy rate by half a…
Category: Articles
The Lehman effect on Indian banks
A few senior executives of the state-run banking industry disagreed with what I wrote a week ago—that they are apprehensive about new banks eroding their…
New challenges for new-look RBI
When a conglomerate embarks on a restructuring exercise, it’s big news for business newspapers. A central bank doing so doesn’t attract much attention as it…
What ails foreign banks in India?
DBS Bank Ltd, Singapore’s largest lender, witnessed a sharp rise in bad loans in India in year ended March. Its net non-performing assets (NPAs) rose…
Don’t expect RBI to let its guard down on retail inflation data
Mumbai: Retail inflation in January slowed to a two-year low of 8.79%, sharply down from 9.87% in December and 11.24% in November, mainly because of…
Rupee at 60: the options before RBI
The rupee logged its biggest gain in last nine months on Friday, surging some 80 paise to close at 59.39 a dollar, after sinking to…
Caught between a weak rupee and a system starved of cash
On 15 August 1997, then Reserve Bank of India (RBI) deputy governor Yaga Venugopal Reddy, at a foreign exchange dealers’ conference in Goa, had said:…