Just two employees of a bank branch can empty its cash vault. In most public sector bank branches in India, a pair of keys of…
Category: Blog
Indian bankers set to rewrite corporate history
On Tuesday evening, the CEOs of some of India’s biggest banks were on a panel discussing the changing banking landscape, at Mint’s annual banking conclave…
Reserve Bank not in a hurry to hike rate
Against the backdrop of fiscal slippages, rising oil prices, shooting US treasury yields and pressure on inflation, none could have expected a better monetary policy…
No chance of a rate cut, RBI’s challenge is restoring confidence in bond market
No one, including Indian government’s chief economic adviser Arvind Subramanian, is expecting the Reserve Bank of India (RBI) to lower its policy rate this week…
Where will the money come from for such an expansionary budget?
The equity market shrugged off the 10% LTCG tax (the smart move of sparing all gains up to 31 January 2018 prevented a sell-off) proposed…
Budget 2018-19: what banks will watch out for
The suspense over the Rs2.11 trillion recapitalisation of India’s public sector banks is over. A week ahead of the budget, the finance ministry announced that…
Long live India Post Payments Bank
A June 2016 report in Mint described India Post Payments Bank (IPPB) as the “hottest game in town”. Some 50 entities, including International Finance Corp.,…
Why Indian bankers are on overdrive to clean up books
The December Financial Stability Report of the Reserve Bank of India (RBI) suggests that the gross non-performing assets (NPAs) in the Indian banking system may…