Mumbai: In August 2010, Reserve Bank of India’s (RBI’s) senior most deputy governor K.C. Chakrabarty was stripped of most of his key portfolios for reportedly…
Category: Blog
How RBI blocked evergreening of overseas loans
The fact that India’s banking regulator is annoyed with the rising bad loans of banks is well known. In the past few years, the pile…
New bank licences: Why RBI chose only two banks
My last week’s column on differentiated licensing evoked strong response from stakeholders. A couple of entities that had applied for a bank permit but did…
Rate cuts may not happen without inflationary pressures easing
The March Wholesale Price Index (WPI) inflation at 5.7% grew at the fastest pace since December and above the consensus estimate of 5.3%. The so-called…
How different will be a differentiated bank licence?
Quite a few companies that failed to get a banking licence from the Reserve Bank of India (RBI) are going back to the drawing board…
Debenture redemption reserve blow to NBFCs
The new companies law has come into effect from 1 April. Section 71(4) of the law requires every company that issues debentures to create a…
RBI will act on data surprises that are durable: Raghuram Rajan
Mumbai: Reserve Bank of India (RBI) governor Raghuram Rajan is hopeful that with interest rates at their current levels, the central bank will be able…
Is this the end of the rate tightening cycle for RBI?
For a change, Reserve Bank of India (RBI) governor Raghuram Rajan’s first bi-monthly monetary policy for fiscal 2015 was shorn of any surprises—both the policy…