This is an apocryphal story. Many moons ago, King Canute ruled England. His admirers and courtiers often flattered him saying, “Even nature recognises your greatness….
Nationalisation, Consolidation And Privatisation of PSU Banks
In a recent interview with this newspaper, Finance Minister Nirmala Sitharaman compared privatisation of banks and insurance companies with Rath Yatra. “So much effort goes…
Negative Interest, Financial Repression
Mr Pradeep Kukreja is all smiles these days. His bank has raised its deposit rates. Kukreja’s two-year fixed deposit matured last week. Instead of redeeming…
Huge Treasury Loss Staring At Most Banks In June Quarter
The Indian banking industry’s celebrations over its FY2022 performance may not last long. Barring one private bank, all smiled their way to profits last year…
Rating Agencies Caught In Crossfire
Many in the top management of India’s rating agencies are spending sleepless nights. The rules of bank loan ratings with credit enhancement (adding “CE” suffix)…
Story Behind Choice Of RBL Bank CEO
On June 19, 2018, the day ICICI Bank Ltd’s CEO and managing director Chanda Kochhar went on leave and Sandeep Bakhshi took over as its…
Both Customers And Banks To Feel Pain In Rising Interest Rate Cycle
In the rising interest rate regime, both banks and their customers have started feeling the pain, although for different reasons. Let’s talk about the customers…
Reserve Bank Joins Global Central Banks, More Rate Hikes To Follow
As widely expected, the Reserve Bank of India (RBI) on Wednesday raised its policy rate by half a percentage point to 4.9 per cent —…