India’s wholesale inflation rose 7% in October from 6.46% in September and a recent low of 4.58% in May. This is more than what most…
How government selects bank chiefs
The government cleared the appointment of Arundhati Bhattacharya as the chairperson of State Bank of India, the nation’s largest lender, a week after her predecessor…
Why bond yields are rising
The yield on the 10-year benchmark bond crossed 9% on Monday morning. It rose to as much as 9.13% before settling at around 9.09% at…
More banks may raise loan, deposit rates
Private sector lender HDFC Bank Ltd, India’s most valuable bank, has increased its base rate—or minimum lending rate—by 20 basis points to 10%. One basis…
RBI may combine repo rate hike with MSF rate cut
Nobody will be surprised if the Reserve Bank of India (RBI) raises the repo or repurchase rate by 25 basis points (bps) to 7.75% on…
More rate hikes on the cards
As expected by a large segment of the market, Reserve Bank of India (RBI) governor Raghuram Rajan has raised the repurchase, or repo rate—the rate…
Banker’s Trust | New regime for foreign banks?
Reserve Bank of India (RBI) governor Raghuram Rajan’s recent statement in Washington that the Indian banking regulator would soon release norms for a larger role…
Why are there so few women bankers?
US President Barack Obama last week nominated Janet L. Yellen to head the US Federal Reserve Board. If her appointment is confirmed by the Senate,…