Within an hour of Reserve Bank of India (RBI) governor Raghuram Rajan announcing a 50 basis point (bps) policy rate cut, finance minister Arun Jaitley…
The last of RBI’s rate cuts for now?
The swap markets are pricing in a quarter percentage point rate cut on 29 September when the Reserve Bank of India (RBI) reviews its monetary…
Will the gold schemes glitter?
Indians holding gold will now be able to deposit it at commercial banks and earn interest on it. They will also be able to buy…
The life, death and resurrection of Indian microfinance
After giving licences to 11 payments banks in August, the central bank on Wednesday announced a fresh set of 10 licences—this time for the so-called…
The Lehman effect on Indian banks
A few senior executives of the state-run banking industry disagreed with what I wrote a week ago—that they are apprehensive about new banks eroding their…
Is Raghuram Rajan behind the curve?
Mumbai: Some overseas investors and many in India’s corporate sector believe that Reserve Bank of India (RBI) governor Raghuram Rajan has been doing a fantastic…
New banks: red flag for public sector?
Eleven in-principle licences for payments banks have been a pleasant surprise. Not too many were expecting the banking regulator to be so liberal. In the…
India gets a new bank
After little more than a decade, a new private bank is born in India—Bandhan Bank Ltd. This is the first bank to come up in…