The government and RBI must draw an MFI survival strategy before it’s too late. We need them at least till such time the banks are…
Rate cut unlikely, but CRR may be cut
Last week, Reserve Bank of India (RBI) governor D. Subbarao spoke about a shift in the focus of monetary policy from fighting inflation to boosting…
7 things to watch out for in 2012
he first column in every January is typically invested in crystal-ball gazing. In the past few years, I did try to be funny by cooking…
This is not the way to protect rupee
Both the government and RBI will be happy to see the local currency bouncing back, but will the trend last? The rupee rose about 2.7%…
Action unlikely; direction to change
Two sets of critical data will be released this week before India’s central bank announces its mid-quarter review of monetary policy on 16 December—wholesale price…
Govt needs to take on unions to save banks
The finance ministry wants India’s public sector banks to put in place a new human resource (HR) plan by the end of December, and submit…
Views | No time to cut CRR
The Reserve Bank of India (RBI) is under pressure from many quarters to pare banks’ cash reserve ratio (CRR) — or the portion of deposits…
Caught between a weak rupee and a system starved of cash
On 15 August 1997, then Reserve Bank of India (RBI) deputy governor Yaga Venugopal Reddy, at a foreign exchange dealers’ conference in Goa, had said:…