MFIs only give money to borrowers but they are not allowed to raise deposits. Unless and until they are allowed access to small deposits, their…
Bank rate lives to die another day
After almost nine years, the Reserve Bank of India (RBI) last week changed the bank rate. It has been raised and realigned with the so-called…
Dhanlaxmi banks untold story:Why the CEO had to go
The honeymoon did not last long as the trade union turned increasingly restless for fear of losing its grip over the bank, and with Chaturvedi…
Let’s not recast loans to hide NPAs
The chief executive officer of a foreign bank, reacting to last week’s Banker’s Trust column on rising bad assets in Indian banking, has said things…
Centre preparing biggest-ever agriculture debt relief package
Mumbai: The Union government is planning the largest farm-loan relief package in the country’s history—totalling at least Rs 32,000 crore—and proposals to this effect will…
Will banks be able to contain bad assets?
A man pulls a hand-drawn cart in front of the Reserve Bank of India building in Mumbai . Reuters. In the four weeks of January,…
One more CRR cut possible by April
A half a percentage point cut in banks’ cash reserve ratio (CRR), or the portion of deposits that commercial banks need to keep with the…
Will RBI go for a CRR cut?
It’s fairly certain that the Reserve Bank of India (RBI) will pare its growth forecast for the Indian economy when it announces its quarterly review…