In June, the Reserve Bank of India (RBI) penalized three Indian private banks— Axis Bank Ltd , HDFC Bank Ltd and ICICI Bank Ltd —for…
Chidambaram rushes to do what Subbarao couldn’t
What Reserve Bank of India (RBI) governor D. Subbarao could not do through a series of rate cuts, India’s finance minister P. Chidambaram now wants…
Why didn’t more firms seek bank licences?
Monday, the last day for the submission of applications for bank licences on Monday, saw a rush, not the anticipated stampede. Two decades ago, in…
Rupee at 60: the options before RBI
The rupee logged its biggest gain in last nine months on Friday, surging some 80 paise to close at 59.39 a dollar, after sinking to…
RBI likely to press pause button on rate cuts, but may act later
Planning Commission deputy chairman Montek Singh Ahulwalia ’s statement on Friday that the Reserve Bank of India (RBI) should consider a rate cut on 17…
BANKER’S TRUST REALTIME | Is our banking system flawed?
For hundreds of thousands of bank employees who work in branch offices, India has turned into Ramgarh of G.P. Sippy’s Sholay while cobrapost.com’s associate editor…
India’s great banking divide
There are two sets of banks in India—the state-run banks, and private sector (both old and new) and foreign banks. If their earnings for the…
BANKER’S TRUST REALTIME | Silence is golden, dear governor
On 30 May, Reserve Bank of India (RBI) governor D. Subbarao warned of upside risks to inflation and expressed worries over the high current account…