By any yardstick, last week has been eventful for the Indian banking sector. State-owned Punjab National Bank (PNB) announced a record Rs.5,367 crore loss for…
How to kill a bank in India
In his February budget speech, finance minister Arun Jaitley said the government would look at paring its stake in IDBI Bank Ltd to less than…
A revolution in Indian banking
In October 2011, when India’s banking regulator freed the interest rates on savings bank deposits, it completed a process which had started two decades back—allowing…
Banks Board Bureau: Old wine in a new bottle?
Early April, after the first meeting of the Banks Board Bureau at the Reserve Bank of India (RBI) central office in Mumbai, minister of state…
No sanctity for sovereign guarantee?
ndian banks need to set aside money not only for the loans given to corporations and individual borrowers that have gone bad but also their…
Should bank defaulter’s list be made public?
India’s apex court is in favour of making public the names of bank defaulters but the country’s central bank does not support the idea. The…
Why banking in India will never be the same again
Last week, the focus was on the change in the Reserve Bank of India (RBI)’s stance on liquidity and the cut in its benchmark policy…
Why markets should take heart from RBI’s monetary policy
The equity market and, to some extent, the bond market are giving the thumbs down to the Reserve Bank of India’s (RBI) first bi-monthly monetary…