The Gujarat high court has recently struck down a Reserve Bank of India (RBI) regulation on wilful defaulters which bars all directors of a defaulting…
Category: Blog
RBI needs new clothes
In January 2014, Reserve Bank of India (RBI) governor Raghuram Rajan ran the Mumbai marathon. Rajan, a former International Monetary Fund (IMF) chief economist, was…
The curious case of a Citibank fraudster
A recent Press Trust of India report on Shivraj Puri, the alleged mastermind of the Rs.400 crore Citibank scam, makes an interesting point: in India…
No respite from rising bad loans
Net profits of the 30 constituents of BSE’s benchmark 30-share Sensex have grown 19.3% in the June quarter from a year earlier, in line with…
We can’t be seen as a paper tiger: RBI’s Raghuram Rajan
Mumbai: The Reserve Bank of India (RBI) wants to reach its target of limiting retail inflation to 6% by 2016, but that doesn’t necessarily mean…
The great Indian financial inclusion circus
For about a million public sector bank employees, the past fortnight has been extremely hectic. Senior executives could hardly sleep; they were busy video conferencing…
Raghuram Rajan: In step
When Raghuram Govind Rajan came to India as the government’s chief economic adviser two years ago, everyone warned him about the bureaucracy. “People told me…
The murky world of suitcase banking
Investors rushed to buy public sector bank stocks last week after the finance ministry made it clear that the government would look into corporate governance…