State-run United Bank of India on Friday reported a Rs.1,238.08 crore net loss in the December quarter after setting aside Rs.1,857.83 crore to provide for…
Category: Blog
The bank that begins with ‘U’ needs your money to survive
United Bank of India crossed a milestone of Rs.2 trillion of business (that is deposits and advances—an Indian way of calculating “total business”) in September…
Why we need PSU bank reforms
Foreign investors gave a cold shoulder to State Bank of India’s Rs.8,000 crore mega share sale last week. Had Life Insurance Corp. of India not…
RBI ends rate hike cycle with a rate hike
Not too many in the market expected Reserve Bank of India (RBI) governor Raghuram Rajan to hike the policy rate in the third quarter review…
RBI likely to keep policy rates unchanged
Three out of five bond dealers I spoke to over the weekend on the likely outcome of the Reserve Bank of India’s (RBI) 28 January…
Who will set the inflation target?
The key takeaway from the 130-page report of the Urjit Patel committee on changes in the Reserve Bank of India’s (RBI) monetary policy framework, put…
Does RBI need a commercial banker as deputy governor?
The Reserve Bank of India (RBI) deputy governor Anand Sinha retired last week. So, the Indian central bank had to distribute Sinha’s portfolio among three…
Who will be the next deputy governor of RBI?
G. Gopalakrishna, the most senior among Reserve Bank of India’s (RBI’s) nine executive directors, seems to have lost in the race to become a deputy…