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….
Five things Raghuram Rajan should not do as RBI governor
The expectations from Raghuram Rajan as India’s next chief money man are far too many. He is known for his approach toward managing inflation expectations…
Five things Raghuram Rajan needs to do as RBI governor
There could not have been a better choice than Raghuram Rajan as successor to D. Subbrao as the 23rd governor of the Reserve Bank of…
Why the rupee is falling
The inevitable has happened. The rupee hit a new low on Tuesday—61.6 to the dollar. Until Monday, the local unit’s lifetime low was 61.21 a…