On August 1, in a closely-run decision, the Bank of England lowered its main interest rate by a quarter percentage point to 5 per cent, marking…
P2P Industry: When Will Reserve Bank of India Walk The Talk?
The following incident succinctly sums up what’s happening on India’s peer-to-peer (P2P) lending landscape. In May, Mr A invested Rs 10,000 to be lent to…
Fiscal Consolidation: Yes. But Banking Reforms Will Have To Wait
This is Union Finance Minister Nirmala Sitharaman’s seventh successive Budget, the highest by any finance minister, surpassing Morarji Desai’s six. Also, this is Sitharaman’s shortest Budget…
Can We BANK On The BUDGET?
State Bank of India Chairman Dinesh Kumar Khara is batting for tax relief on interest income in the forthcoming Union Budget – something all bankers,…
Different Shades of BANK FRAUDS
# Krishna Dasgupta, 72, a resident of Delhi’s CR Park, recently lost Rs83 lakh after she was put under “digital arrest” for over 12 hours one…
Changing Dynamics Of Indian BANKING
Indian banks are in the pink of health. The industry has never had such a good time when it comes to the quality of its…
A New Bonding With Global Markets
The 10-year government paper auction on Friday (June 28) for Rs 20,000 crore received 267 bids worth Rs 47,776.500 crore. Its cut-off yield was fixed…
Will Reserve Bank Tweak The Draft Project Loan Financing Norms?
On May 3, the Reserve Bank of India (RBI) released a draft direction outlining the prudential framework for project loan financing. The objective is to…