Both the government and RBI will be happy to see the local currency bouncing back, but will the trend last? The rupee rose about 2.7%…
Year: 2011
Action unlikely; direction to change
Two sets of critical data will be released this week before India’s central bank announces its mid-quarter review of monetary policy on 16 December—wholesale price…
Govt needs to take on unions to save banks
The finance ministry wants India’s public sector banks to put in place a new human resource (HR) plan by the end of December, and submit…
Views | No time to cut CRR
The Reserve Bank of India (RBI) is under pressure from many quarters to pare banks’ cash reserve ratio (CRR) — or the portion of deposits…
Caught between a weak rupee and a system starved of cash
On 15 August 1997, then Reserve Bank of India (RBI) deputy governor Yaga Venugopal Reddy, at a foreign exchange dealers’ conference in Goa, had said:…
Sipko Schat | Farmers are in our DNA
Mumbai: Sipko Schat, chairman of wholesale banking and a director at Rabobank Nederland, has been coming to India since 1998 when the group set up…
Why did Akula have to go?The untold story
With both Gurumani and Akula out, the investors will keenly watch how long the bonhomie between Rao and Raj will last. SKS Microfinance Ltd’s managing…
SKS to change business model, Akula may exit
Mumbai: A little more than a year ago, in October 2010,SKS Microfinance Ltd, then India’s largest microfinance institution (MFI), sacked its chief executive officer (CEO)…