It is fairly certain that the Reserve Bank of India (RBI) will leave key interest rates unchanged in its monetary policy review on Tuesday. In…
Beyond the politics of the banking law amendment
The government may have persuaded the opposition to agree to the amendment of the country’s banking law, a move that, among other things, will pave…
Why are bank stocks rising?
India’s banking system is not in the pink of health. Rating agency Moody’s Investors Service reminded us of this last week by maintaining its negative…
Cash transfer—are banks ready?
From 1 January, the subsidy amount for 29 of 42 welfare schemes of Indian government will go directly into the bank accounts of the beneficiaries…
Indian banks: How many men and how many boys?
I hate to say this but it seems that Indian banks, particularly those majority owned by the government, seem to have too many skeletons in…
Games PSU bank chiefs shouldn’t play
Two public sector banks—Kolkata-based Allahabad Bank and Bank of India in Mumbai—have new chief executive officers. Shubhalakshmi Panse took charge as chairman and managing director…
A Bank for the Buck
Merger, merger on the wall Akira Kurosawa’s 1950 crime drama film Rashomon opens on a woodcutter and a priest sitting beneath the Rashomon gate at…
No end to central bank’s woes
Two critical data points, released last week, on the face of it make the Indian central bank’s job less difficult than what it has been…