United Bank of India is not an isolated case of failure. India’s weak banks have been pushed into lending beyond their means »
The measures announced in the Interim Budget can become a burden for the next government
The Urjit Patel panel’s recommendations on institutional reforms should be taken seriously
The Nachiket Mor panel calls for an overhaul of the system to reach out to the unbanked. »
There is a limit to the state bailing out failing banks. The RBI’s Financial Stability Report candidly points out the faultlines. »
The difficulty is that monetary policy action is already delayed; further delay only makes future action that much more difficult.
It’s pretty straightforward: With inflation generalised across sectors, high interest rates are the logical response. »
Given the uncertain global currency environment, there is a genuine need for a proactive gold reserves policy. »
Credit for laying the foundation of the banking sector goes to giants such as Sorabji Pochkhanawalla and Purshottamdas Thakurdas. A new book on India’s banking history tells the story of how they stood up to the government.
The battle against inflation has got to be the central bank’s top priority in a climate of weak industrial growth.