Allowing multiple channels to work and compete with each other is the best solution to the MFI problem. One-and-a-half decade ago, state – run Indian…
Why the delay in new bank licence norms?
India’s banking regulator is yet to release draft guidelines on licensing norms for new banks. Finance minister Pranab Mukherjee first announced the government’s intention to…
Are Psu bank heads feudal lords?
The chiefs here work under a lot of stress as they are not only answerable to their board, but also to officials of the ministry…
Inflation control: RBI misses the bus
Wholesale price inflation (WPI) in March rose 8.98%, much higher than what most analysts had expected. The January inflation level, too, has been revised upwards…
Tough times ahead for banks
Theoretically, banks can have the best of both worlds. They can make money on their bond portfolio when interest rates go down. As bond yields…
The banker-broker nexus
If a non-banking financial company (NBFC) official receives a text message from a banker saying “all is well”, what does the banker actually mean? Is…
MFIs need to alter business model
India’s finance minister Pranab Mukherjee says the government doesn’t want to “strangulate” the microfinance industry that is in the business of giving tiny loans to…
Should Finmin be the super regulator?
India’s 75-year-old central bank runs the risk of losing its autonomy. The bank, which many believe did a splendid job ring-fencing the Indian financial system…