Mumbai: The California-based subsidiary of State Bank of India (SBI), the nation’s largest lender, has been forced to clean up its books and tighten procedures…
BANKER’S TRUST | Why RBI should give up govt debt management
A day ahead of the annual monetary policy of Reserve Bank of India (RBI), the yield on the 10-year benchmark government bond dropped to 7.68%,…
BANKER’S TRUST | RBI’s mother-in-law syndrome
In cricketing parlance, it’s a good pitch to bat on for any central banker—relatively low wholesale price inflation and an even lower inflation outlook because…
RBI to go for rate cut, project lower inflation, higher growth
There are two compelling reasons for the Reserve Bank of India (RBI) to stick to its March stance that there is very little room for…
Low inflation may ensure an easy money regime
Mumbai: Rarely does a central bank feel happy when its prediction goes wrong, but the latest release of wholesale price inflation data, on 15 April,…
BANKER’S TRUST REALTIME | Cleaning up Saradha Group’s mess
Nobody knows who the smoking community in West Bengal is blaming more—chief minister Mamata Banerjee or Sudipta Sen, chairman and managing director of the Saradha…
BANKER’S TRUST REALTIME | How Saradha Group went belly up
West Bengal chief minister Mamata Banerjee said on Monday, “What has gone, has gone,” dashing the hopes of thousands of depositors who are on the…
BANKER’S TRUST REALTIME | Four lessons from Sebi-Sahara spat
India’s apex court has once again expressed its unhappiness with Subrata Roy’s Sahara India Pariwar, a Lucknow-based conglomerate that has at least 4,100 establishments in…