Gross bad assets of at least one bank—Central Bank of India—exceeded 6% of its advances in the June quarter. For another six banks, four of…
Category: Blog
Bond yields at 9% leaves banks staring at Rs.45,000 cr depreciation loss
The benchmark 10-year bond yield touched 9% on Monday at 12.30pm, a level last seen on 25 August 2008. The banks will have to make…
Do Indian banks, RBI have freedom?
What does freedom mean for the Rs.75 trillion Indian banking industry? Or, for that matter, the 78-year-old Indian central bank? All interest rates, both for…
The rupee effect is evident in inflation data
The impact of a depreciating local currency is evident on India’s wholesale price inflation that rose to 5.79% in July, the fastest pace in five…
Govt, RBI fighting a losing battle on rupee
The rupee did not care much for finance minister P. Chidambaram’s measures to prop it up. The local currency opened weaker on Tuesday. At the…
Pratip Chaudhuri’s report card as SBI chairman
Pratip Chaudhuri’s tenure as the chairman of the nation’s largest lender, State Bank of India (SBI), will come to an end in September. On Monday,…
SBI: no respite from bad loans
India’s largest lender State Bank of India’s (SBI) June quarter profit missed analysts’ estimates and dropped 13.6% from the year-ago quarter. The stock dropped to…
Yes Bank: Ego war costs promoters Rs.2,000 crore
The Yes Bank Ltd stock has lost at least 40% in the past few weeks, more than double the loss of BSE’s banking index Bankex….