Extracts from `Pandemonium: The Great Indian Banking Tragedy’ https://www.amazon.in/dp/819464335X/ The sudden drop in deposits and the rise in provision for bad assets led to successive rating…
The ROAD AHEAD For STATE BANK
In three months ending March 2021, the State Bank of India posted Rs6,451 crore net profit, its highest quarterly profit. For the full financial year, its Rs20,410…
A Policy Of Continuity With Change
The no-action, status-quo monetary policy of the Reserve Bank of India (RBI) signals continuity with change. Let’s take a close look at what has been continuing and…
From YES BANK To NO BANK
Extracts from `Pandemonium: The Great Indian Banking Tragedy’ https://www.amazon.in/dp/819464335X/ Bharat Patel, former chairman, Procter & Gamble India, a part of the first board of the bank,…
On 4 June A No-Action Policy By Reserve Bank With Focus On Growth
Indian central bank’s rate-setting body, the Monetary Policy Committee (MPC), will hold its second meeting of the current fiscal year this week. At its first…
The Anonymous Letter
Extracts from `Pandemonium: The Great Indian Banking Tragedy’ https://www.amazon.in/dp/819464335X/ Sometime in September 2018, an anonymous letter reached Reserve Bank of India Governor Urjit Patel’s table, alleging…
Reserve Bank’s Disclosure DILEMMA
In 2014, when I was writing my second book on India’s largest shadow bank, I wanted certain information from India’s banking regulator. One of my…
Rana, The WARRIOR
I am a Rana – a warrior, always ready to battle my way to victory. That was Rana Kapoor’s attitude and persona from his formative…