The 2013 appointment of S.K. Jain, the suspended chairman and managing director (CMD) of Syndicate Bank, “lacked transparency and smacks of unfair practices,” The Indian…
Category: Blog
How safe is your money with cooperative banks?
Amanath Co-operative Bank Ltd, Karnataka’s first scheduled urban co-operative bank, is being taken over by public sector Canara Bank. Amanath Co-operative Bank’s operations were suspended…
Wait for a rate cut turns longer
The Reserve Bank of India (RBI) on Tuesday left its key policy rate as well as banks’ cash reserve ratio (CRR), or the portion of…
Monetary policy: RBI may hold rates
In cricketing parlance, this is a reasonably good pitch to bat on. India’s consumer price inflation rose 7.31% in June, a 43-month low, and much…
How to deal with corrupt bosses of state-owned banks
Now you know why the pile of bad loans in India’s state-owned banks has been rising and why both the banking regulator as well as…
Infra financing: Barking up the wrong tree
Banks in India are now allowed to structure infrastructure loans for up to 25 years by refinancing every five years on fresh terms. This can…
Finally,small is beautiful in Indian banking
Reserve Bank of India (RBI) governor Raghuram Rajan has kept his promise. Less than four months after giving in-principle licence to two entitles for setting…
This is not financial inclusion, Mr Modi
The Bharatiya Janata Party-led National Democratic Alliance government’s financial inclusion mission, the most ambitious plan for expanding banking services in independent India, will be launched…