The swap markets are pricing in a quarter percentage point rate cut on 29 September when the Reserve Bank of India (RBI) reviews its monetary…
Category: Blog
Will the gold schemes glitter?
Indians holding gold will now be able to deposit it at commercial banks and earn interest on it. They will also be able to buy…
The life, death and resurrection of Indian microfinance
After giving licences to 11 payments banks in August, the central bank on Wednesday announced a fresh set of 10 licences—this time for the so-called…
Is Raghuram Rajan behind the curve?
Mumbai: Some overseas investors and many in India’s corporate sector believe that Reserve Bank of India (RBI) governor Raghuram Rajan has been doing a fantastic…
New banks: red flag for public sector?
Eleven in-principle licences for payments banks have been a pleasant surprise. Not too many were expecting the banking regulator to be so liberal. In the…
India gets a new bank
After little more than a decade, a new private bank is born in India—Bandhan Bank Ltd. This is the first bank to come up in…
Banks’ bad loan tale gets worse
Nineteen out of 39 listed Indian banks have recorded a drop in profits in the June quarter and for some of them, the decline is…
Capital infusion in public sector banks a band-aid solution
Shares of India’s state-run banks have been rallying since 31 July when finance minister Arun Jaitley announced a Rs.70,000 crore capital infusion into this set…