Mumbai: The Indian government and the country’s central bank are at the final stage of drawing up a plan to infuse Rs2.11 trillion capital into…
2018: Year of resolution & recovery for public sector banks?
Globally, bankers are broadly expected to do three things: collect deposits, give loans, and invest in government bonds and other financial instruments. In India, they…
Banking reforms: Why privatization is better than mergers
It does not happen often. Last week, both the Reserve Bank of India (RBI) and the finance ministry had to step in to quell widespread…
Much ado about ‘bail-in’ and FRDI Bill
In the early 1990s when India’s banking law was amended to bring down the 100% government’s stake in its banks to 51%, there were all-round…
How do we put bad loan resolution on fast track?
On the first anniversary of the first case of loan default being filed at the National Company Law Tribunal, or NCLT, the Insolvency and Bankruptcy…
Bank recapitalisation and banking reforms finally go hand in hand
The Reserve Bank of India (RBI) and the finance ministry have been jointly working on the Rs2.1 trillion recapitalisation package for public sector banks. This…
Reserve Bank will hold fire, future action depends on flow of data
Globally, most bank analysts and bond dealers love to play the “he loves me, he loves me not” (originally effeuiller la marguerite in French) game…
Rajnish Kumar: A decisive banker
Rajnish Kumar, 59, is the fourth chairman of the State Bank of India (SBI), the nation’s largest lender, all of whom I have dined with…