On Friday, the finance ministry’s Department of Financial Services circulated a scheme among all lenders in India for grant of ex gratia payment to make good the…
How Reserve Bank Can Strengthen Regulation And Supervision
After M Rajeshwar Rao took over as its fourth deputy governor last week, the Reserve Bank of India (RBI) reshuffled the portfolios of its deputy…
Lakshmi Vilas Bank: Past Imperfect, Present Tense, Future…?
To use a cliché, September 25 could become a red-letter day for India’s old private sector banking industry. On that day, at the annual general…
Three Cheers For RBI’s October Policy
Bond prices rallied, bank stocks rose and rupee appreciated on Friday, cheering the Reserve Bank of India’s (RBI’s) October monetary policy. The Monetary Policy Committee…
The Task Before New State Bank Boss
Rajnish Kumar moved into the corner room at India’s largest lender on 7 October 2017 with a broom. In the next three quarters, the State Bank of India…
No Rate Cut, All Eyes On Reserve Bank’s 2021 GDP Projection
Early September, when the National Statistical Office announced that India’s gross domestic product (GDP) for the first quarter of the current fiscal year had contracted…
For Resereve Bank Of India, Bank Compliance Officers Are No Cleopatra
Given a choice, the prospective chief compliance officers (CCOs) of the Indian banking system would love to hear the Reserve Bank of India (RBI) describe…
Turning BANKING On Its Head
A string of public interest litigations entertained by India’s highest court on waiver of interest on interest or compounding interest on loans during the six-month…