The yield on 364-day treasury Bill now is 7.73% and that of 91-day is 7.18%. Short-term money market instruments, such as commercial paper and certificate…
Is 72 the right level of rupee vs dollar? It seems so
On 10 August, the rupee closed at 68.85 to a dollar. On 13 August, in the first 15 minutes after the foreign exchange market opened…
$ 3.4 trillion bank recap since Great Recession but no end in sight
Many believe that the 2008 financial crisis that forced the iconic US investment bank Lehman Brothers Holdings Inc. to file for bankruptcy was not a…
The new regime at RBI under Urjit Patel
Urjit Patel completes his second year as Reserve Bank of India (RBI) governor on Tuesday. Not too many finance ministry bureaucrats seem to be fond…
The status of public sector banks in India today
Media reports say the parliamentary committee on estimates, headed by Murli Manohar Joshi, has invited former Reserve Bank of India (RBI) governor Raghuram Rajan to…
Uday Kotak: The ‘nationalist’ banker
I have been pursuing Uday Kotak, 59, CEO and managing director of Kotak Mahindra Bank Ltd, India’s third most valued bank, for a meeting for…
Dear public sector banks, don’t uncork the bubbly just as yet
What Rajiv Kumar, secretary, department of financial services in finance ministry, said last week on India’s public sector banks (PSBs) should be music to the…
What LIC needs to do with IDBI Bank
Many employees of IDBI Bank Ltd across India, mostly from rural areas, are seeking advice from their seniors on how to cope with the fallout…