In April 2009, when Kundapur Vaman Kamath stepped down as the managing director (MD) and chief executive officer (CEO) of ICICI Bank Ltd, India’s largest…
A year of right noise, little change
Until April, the Indian banking industry had opened about 150 million bank accounts under the Pradhan Mantri Jan-Dhan Yojana (PMJDY), the most ambitious financial inclusion…
DBS Bank shows it has the stomach for India
Piyush Gupta, chief executive officer at DBS Group Holdings Ltd and DBS Bank Ltd, has the guts. His bank, Singapore’s largest, has moved the Reserve…
Time to bury the wage pact in the banking industry
My column last week on the human resources crisis in India’s public sector banks (PSBs) evoked strong reactions from a few senior bankers. The chiefs…
The human resources crisis at public sector banks
C.V.R. Rajendran, chairman and managing director (CMD) of Andhra Bank, retired on 30 April. V.R. Iyer, CMD of Bank of India, will retire by the…
Status quo does what two RBI rate cuts could not
When will we see the next policy rate cut by the Reserve Bank of India (RBI)? The nation’s commercial banks have the answer. As expected,…
When will banks lend again?
Bank credit growth dropped to an 18-year low in the year ended 31 March. Indeed, there aren’t too many fresh investment proposals by Indian companies,…
RBI’s misplaced priorities?
The Reserve Bank of India (RBI) has redefined priority sector loan norms which stipulate that banks operating in India must offer 40% of all loans…