All hell broke loose two decades ago when Chennai-based Indian Bank posted a Rs.1,336 crore loss for the fiscal year 1996, wiping out its entire…
What’s killing bank stocks?
Bank stocks rose in the past two trading sessions. Is it the so-called dead cat bounce or a short-lived rally in a declining trend? Nobody…
Budget can create space for RBI’s next rate cut
The 2 February monetary policy review and Reserve Bank of India (RBI) governor Raghuram Rajan’s interaction with the media after the release of the policy…
Rate cut can wait, liquidity is a bigger issue
In the September 2015 review of monetary policy, the Reserve Bank of India (RBI) surprised the market by cutting its policy rate by half a…
You can buy five state-run banks for $1.5 billion
This is not a joke. If the regulator allows, one can buy three public sector banks from the market—State Bank of Mysore, United Bank of…
A ‘call money’ market in Andhra Pradesh
Two Indian states are witnessing a different kind of call money market. Investopedia, an Internet financial dictionary, describes call money as money loaned by a…
Why is bank fraud rising?
On 30 December, the Mumbai Police’s Economic Offences Wing arrested an executive of Bank of India who had been on suspension in connection with a…
The fiscal-monetary conundrum
Even though growth is faltering and recession is staring hard at some European nations, they have been on an austerity drive—something India should strive to…