The Reserve Bank of India (RBI) wants to expand banks’ footprint in Asia’s third largest economy where roughly two out of three adults don’t have…
Vikram Akula makes a comeback, wants to set up a small bank
Vikram Akula, once the poster boy of the Indian microfinance industry, is back in business. Akula, the ousted founder chairman of SKS Microfinance Ltd, India’s…
KKR’s entry will change the rules of the bad loan market
Birendra Kumar, managing director and chief executive of International Asset Reconstruction Co. Pvt. Ltd (IARC), should be all smiles today. Investment firm KKR and Co.,…
Rate cut a few months away
As expected, Reserve Bank of India (RBI) governor Raghuram Rajan has left the key policy rate as well as banks’ cash reserve ratio (CRR), or…
$1 billion Adani loan: Commercial decision or politics at play?
By signing an agreement with the Adani Group, Gujarat’s best known industrial conglomerate headed by 52-year-old Gautam Adani who is known for his proximity to…
Rajan under pressure but may not oblige govt with a rate cut
Every man and his dog wants the interest rate in India to drop. Indeed, it will come down in the backdrop of a sharp fall…
When will banks see acche din?
India’s benchmark equity indices reached record highs last week as foreign institutional investors poured in money in emerging markets in the wake of Japan’s unexpected…
Kotak-ING Vysya deal a slap on foreign banks’ face
More than 12 years ago, in June 2002, the Dutch financial services group ING had made an audacious attempt to acquire then Vysya Bank promoter…