There are two reasons why Shikha Sharma, managing director and chief executive officer (CEO) of Axis Bank Ltd, India’s third largest private lender, considers this…
Retail inflation drops sharply but drought may spoil the party
India’s consumer price inflation rose 7.31% in June, a 43-month low, and sharply lower than consensus market expectations of 7.95%. In May, it was 8.28%….
The task ahead for RBI
The change in the language of the Reserve Bank of India’s (RBI) second bi-monthly policy review last week is unmistakable. The stance has become softer…
RBI’s SLR cut is symbolic of better days ahead
In sync with market expectations, the Indian central bank on Tuesday left its key policy rate as well as banks’ cash reserve ratio (CRR), or…
RBI policy: Expect status quo; stance may be less hawkish
In the March quarter, the Indian economy grew 4.6%, making it the eighth successive quarter in which the world’s third largest economy in terms of…
Three challenges before the new finance minister
I don’t know who will be India’s next finance minister but I am quite sure that whoever takes over the critical portfolio will feel like…
Govt to gain the most from PSU bank reforms
Last week, a Reserve Bank of India (RBI) panel set up to review the governance of bank boards suggested that the government—the majority owner of…
Rate cut by RBI unlikely despite lower wholesale inflation
At 5.2%, wholesale inflation in April, released on Thursday, surprised analysts. This is lower than the consensus estimate of 5.7%, which was also the March…