Nineteen out of 39 listed Indian banks have recorded a drop in profits in the June quarter and for some of them, the decline is…
Capital infusion in public sector banks a band-aid solution
Shares of India’s state-run banks have been rallying since 31 July when finance minister Arun Jaitley announced a Rs.70,000 crore capital infusion into this set…
RBI will be in no hurry for the next rate cut
There is no surprise in the Reserve Bank of India’s (RBI) third bi-monthly policy statement on Tuesday. As expected by a wide segment of the…
RBI may opt for status quo on policy rate
Driven by higher food prices, retail inflation in India accelerated to a nine-month high of 5.4% in June, from 5.01% in May, and above the…
The naked truth about PSU banks
India’s public sector banks have no place to hide—they stand in full public glare. Three large state-owned banks announced their June quarter earnings on Tuesday….
RBI at risk of losing autonomy?
At first glance, the revised draft of the Indian Financial Code released last week, 853 days after the Financial Sector Legislative Reforms Commission (FSLRC) published…
How fair are equity analysts?
Shares of Yes Bank Ltd lost more than 7% in one day in the first week of July after UBS Securities India Pvt. Ltd downgraded…
Why bond yields are high
The Reserve Bank of India (RBI) will sell up to Rs.10,000 crore worth of government bonds on Monday to drain excess liquidity from the banking…