Bond dealers in Mumbai, India’s financial capital, have started enjoying their Friday evenings once again. Despite a record-high Rs.5.79 trillion gross government borrowing programme for…
BANKER’S TRUST REALTIME | Why the market doesn’t like SBI
Ever since Pratip Chaudhuri took over the reins at State Bank of India in April 2011, he has presided over nine quarterly earnings announcements; the…
Why there may not be too many takers for new banks
Ousted Citigroup Inc. chief executive officer Vikram Pandit ’s return to banking is creating excitement in the Rs. 75 trillion Indian banking industry, but there…
Banker’s Trust Realtime | Market and media’s Mahabharata syndrome
On Wednesday, India’s benchmark stock indices rose to their highest levels since January 2011 and government bond prices rose and yields dropped to their lowest…
A Budget of short term measures, no grand design
Gushing over finance minister P. Chidambaram’s budget, K.V. Kamath, non-executive chairman of ICICI Bank Ltd and Infosys Ltd, told a TV station on Thursday immediately…
BANKER’S TRUST REALTIME: Lower inflation will create space for RBI action
Inflation based on the wholesale price index (WPI) dropped below 5% for the first time in three-and-a-half years, creating room for the Reserve Bank of…
Why India Post should get a banking licence
India’s central bank is set to open doors to a set of private and state-run entities in the banking space in Asia’s third largest economy….
D. Subbarao | The inflation warrior
Mumbai: Hours after cutting the policy rate by a quarter percentage point to 7.25% in the annual monetary policy for fiscal 2014 on 3 May,…