In the past few weeks, “cash crunch” has become the talk of the town. According to Cambridge dictionary, it is a situation in which a…
The untold story of the Rs45,000 crore service tax claim on banks
For a moment, let’s presume the Indian government has signed off the privatization plan of national carrier Air India. Four investment bankers chosen for the…
What do we do with struggling government-owned lenders?
The earnings season is in full swing. A few private banks have announced their March quarter results—great, good and ugly—but none of the public sector…
Why Indian bond market rivals equities in volatility
If you walk into the treasury room in any of India’s public sector banks these days, you’ll hear excited bond dealers shrieking over “breaking the…
Where does the buck stop at banks?
The latest developments at two large private banks in India spotlight the role of the board of banks, the chief executive officer (CEO), corporate governance…
What ails (some of) India’s private banks?
The votaries of private banks so far have been enjoying a voyeuristic pleasure watching some of India’s public sector banks (PSBs) being stripped naked. The…
Nobody will talk about RBI rate hikes for some time now
Nobody could have asked for a less hawkish monetary policy, the first in fiscal year 2019. Bond prices rose (and yields dropped) and the bank…
RBI will hold on to repo rate this week, after 2 months, and maybe till next year
One doesn’t need to be a soothsayer to predict that the Reserve Bank of India (RBI) will keep the repo rate unchanged at the meeting…