Birendra Kumar, managing director and chief executive of International Asset Reconstruction Co. Pvt. Ltd (IARC), should be all smiles today. Investment firm KKR and Co.,…
Category: Blog
Rate cut a few months away
As expected, Reserve Bank of India (RBI) governor Raghuram Rajan has left the key policy rate as well as banks’ cash reserve ratio (CRR), or…
$1 billion Adani loan: Commercial decision or politics at play?
By signing an agreement with the Adani Group, Gujarat’s best known industrial conglomerate headed by 52-year-old Gautam Adani who is known for his proximity to…
Rajan under pressure but may not oblige govt with a rate cut
Every man and his dog wants the interest rate in India to drop. Indeed, it will come down in the backdrop of a sharp fall…
When will banks see acche din?
India’s benchmark equity indices reached record highs last week as foreign institutional investors poured in money in emerging markets in the wake of Japan’s unexpected…
Kotak-ING Vysya deal a slap on foreign banks’ face
More than 12 years ago, in June 2002, the Dutch financial services group ING had made an audacious attempt to acquire then Vysya Bank promoter…
Mahila Bank: UPA’s Rs1,000 crore misadventure
The 5,000 sq. ft Bharatiya Mahila Bank Ltd branch at Nariman Point’s landmark Air India building in Mumbai—the sole branch in Maharashtra till now—is managed…
Appointment of bank chiefs: Many questions unanswered
One chairman and managing director (CMD), one deputy managing director (DMD) and 17 executive directors (EDs) of public sector banks met three panels, for 20…