A half a percentage point cut in banks’ cash reserve ratio (CRR), or the portion of deposits that commercial banks need to keep with the…
Category: Blog
Will RBI go for a CRR cut?
It’s fairly certain that the Reserve Bank of India (RBI) will pare its growth forecast for the Indian economy when it announces its quarterly review…
Can Indian’s MFI industry be saved?
The government and RBI must draw an MFI survival strategy before it’s too late. We need them at least till such time the banks are…
Rate cut unlikely, but CRR may be cut
Last week, Reserve Bank of India (RBI) governor D. Subbarao spoke about a shift in the focus of monetary policy from fighting inflation to boosting…
7 things to watch out for in 2012
he first column in every January is typically invested in crystal-ball gazing. In the past few years, I did try to be funny by cooking…
This is not the way to protect rupee
Both the government and RBI will be happy to see the local currency bouncing back, but will the trend last? The rupee rose about 2.7%…
Action unlikely; direction to change
Two sets of critical data will be released this week before India’s central bank announces its mid-quarter review of monetary policy on 16 December—wholesale price…
Govt needs to take on unions to save banks
The finance ministry wants India’s public sector banks to put in place a new human resource (HR) plan by the end of December, and submit…