Finance minister P. Chidambaram has kept his word. He has pushed through an amendment to banking laws in Parliament to strengthen regulatory powers of the…
Category: Blog
SME segment will be India’s growth engine: Roopa Kudva
Crisil Ltd,India’s oldest rating agency, doesn’t call itself a rating agency any more. Its chief executive and managing director Roopa Kudva prefers to call Crisil…
No-action policy ahead of January rate cut?
It is fairly certain that the Reserve Bank of India (RBI) will leave key interest rates unchanged in its monetary policy review on Tuesday. In…
Beyond the politics of the banking law amendment
The government may have persuaded the opposition to agree to the amendment of the country’s banking law, a move that, among other things, will pave…
Why are bank stocks rising?
India’s banking system is not in the pink of health. Rating agency Moody’s Investors Service reminded us of this last week by maintaining its negative…
Cash transfer—are banks ready?
From 1 January, the subsidy amount for 29 of 42 welfare schemes of Indian government will go directly into the bank accounts of the beneficiaries…
Indian banks: How many men and how many boys?
I hate to say this but it seems that Indian banks, particularly those majority owned by the government, seem to have too many skeletons in…
Games PSU bank chiefs shouldn’t play
Two public sector banks—Kolkata-based Allahabad Bank and Bank of India in Mumbai—have new chief executive officers. Shubhalakshmi Panse took charge as chairman and managing director…