For the treasury managers in Indian banks, fiscal year 2018 has been a nightmare. The next fiscal year, which starts next week, could be a…
Just two things can fix public sector banks’ problems
Sometime in late 2017, billionaire diamantaire Nirav Modi walked into the office of the chief executive officer (CEO) and managing director of a large Indian…
Public sector banks stare at mounting losses, capital erosion
Between 26 October, a day after the government announced a Rs2.11 trillion capital infusion into public sector banks (PSBs), and 8 March, shareholders of these…
How to break the banker-promoter nexus
You must have seen the popular TV advertisement campaign for a men’s deodorant brand where different sets of people casually ask each other, “kya chal…
PNB fraud: Where does the buck stop?
Last week, the Reserve Bank of India (RBI) asked all banks to integrate their core banking solutions with the SWIFT messaging network by 30 April….
The anatomy of the PNB fraud
Just two employees of a bank branch can empty its cash vault. In most public sector bank branches in India, a pair of keys of…
Indian bankers set to rewrite corporate history
On Tuesday evening, the CEOs of some of India’s biggest banks were on a panel discussing the changing banking landscape, at Mint’s annual banking conclave…
Reserve Bank not in a hurry to hike rate
Against the backdrop of fiscal slippages, rising oil prices, shooting US treasury yields and pressure on inflation, none could have expected a better monetary policy…