Since mid-September when the government allowed foreign investment in retail and aviation, raised the price of diesel and capped the subsidized supply of cooking gas,…
Banker’s Trust | Happy days are here again?
India’s banking community would like to sing the 1929 Leo Reisman song Happy days are here again, best remembered as the campaign song for Franklin…
Regulators vs Sahara: the untold story
Mumbai: On the evening of 12 September, the Lucknow-headquartered Sahara group released a statement saying the capital market regulator had refused to accept documentation related…
Banker’s Trust | Why banks aren’t cutting loan rates
State Bank Of India(SBI), the nation’s largest lender, last week cut its minimum lending rate, or base rate, by a quarter percentage point to 9.75%….
Once upon a Mamata
As a probashi Bangali, I have been watching West Bengal chief minister Mamata Banerjee on television. It’s unavoidable. The lady’s been ceaselessly in the news—…
Subbarao takes the middle path
Reserve Bank of India (RBI) governor D. Subbarao seems to be a believer in majjhima patipada, or the middle path of Buddhist philosophy—moderation. So there…
Will the central bank go for a rate cut?
The Wholesale Price inflation rate in August rose to 7.55% on higher food and energy prices against a 32-month low of 6.87%. The price rise…
Pratip Chaudhuri | The last-mile challenge
In April, Aditi Chaudhuri, a probationary officer (PO) at India’s largest lender by assets, State Bank of India (SBI), was on cloud nine when she…