This Friday marks the 50th anniversary of bank nationalisation. Fourteen banks with deposits of at least Rs50 crore each were nationalised in the midnight of…
UNION BUDGET: The Good, The Not-So-Good And The Tricky
Writing on Union Budget two days after it was presented is a predicament akin to that of Larry Fortensky, the US construction worker — seventh…
Banking On The Union 5 July Budget
In the run up to the Union Budget, all industry bodies reach out to the North Block on Raisina Hill that houses the finance ministry…
A New Challenge For India’s Microfinance Industry?
In October 2010, the enactment of a law in the southern state of Andhra Pradesh, then a hotbed of the microfinance industry, almost killed it….
DY GOV VIRAL ACHARYA QUITS RBI
Viral Acharya, Reserve Bank of India’s youngest deputy governor post economic liberalisation, has resigned six months before the scheduled end of his term. Acharya who joined the…
The Three Rs Of Public Sector Banking
In a recent conversation, Rajkiran Rai, managing director of Union Bank, has made an interesting remark. “When we started our career in 1980s, we were…
For Reserve Bank, Small Is Beautiful
The Reserve Bank of India (RBI) will soon open its window accepting applications for small finance banks’ (SFBs) licence through the year. The draft guidelines…
Rate Cut, Change In Stance: Markets Couldn’t Have Asked For More!
The suspense is over. Staring at a faltering growth and encouraged by tamed inflation, the central bank in Asia’s third largest economy yet again announced…