Finance minister P. Chidambaram at a recent banking seminar endorsed the need for different models of banking, saying that the nation needs different kinds of…
Category: Blog
Does urban India need a women’s bank?
Prime Minister Manmohan Singh and United Progressive Alliance (UPA) chairperson Sonia Gandhi flew down to Mumbai last week to open the first branch of India’s…
What is wrong with India’s banks?
Forty listed Indian banks’ collective net interest income—the difference between what they earn on giving loans and what they pay to depositors—rose by at least…
Will inflation spike force Raghuram Rajan to hike rates in Dec?
India’s wholesale inflation rose 7% in October from 6.46% in September and a recent low of 4.58% in May. This is more than what most…
How government selects bank chiefs
The government cleared the appointment of Arundhati Bhattacharya as the chairperson of State Bank of India, the nation’s largest lender, a week after her predecessor…
Why bond yields are rising
The yield on the 10-year benchmark bond crossed 9% on Monday morning. It rose to as much as 9.13% before settling at around 9.09% at…
More banks may raise loan, deposit rates
Private sector lender HDFC Bank Ltd, India’s most valuable bank, has increased its base rate—or minimum lending rate—by 20 basis points to 10%. One basis…
RBI may combine repo rate hike with MSF rate cut
Nobody will be surprised if the Reserve Bank of India (RBI) raises the repo or repurchase rate by 25 basis points (bps) to 7.75% on…