Bankers Trust:

Top posts in PSU banks: no scent of private banker

Top posts in PSU banks: no scent of private banker

It looks like none of the private sector bankers could make it to the final list. I understand that the appointment committee has picked senior public sector bankers to head five relatively large state-owned banks for a three-year fixed tenure from a list of 26, which featured at least seven representatives from the private sector. The five successful candidates, according to a couple of people familiar with the selection process, are Usha Ananthasubramanian, chairman and managing director (MD) of Bhartiya Mahila Bank; M.

Bankers Trust:

How PSU banks lose out to private peers

How PSU banks lose out to private peers

India’s public sector banks are heading towards bad times. We don’t need a soothsayer to say this—a close look at the earnings of banks in the quarter ending March makes it quite clear. Among 39 listed banks in India—both private and public—four recorded net losses in the March quarter, and three of them are public sector banks.

Bankers Trust:

Last of the RBI rate cuts for now?

Last of the RBI rate cuts for now?

Just about every analyst has been predicting a quarter-percentage-point policy rate cut by the Reserve Bank of India (RBI) in its monetary policy review on Tuesday. A few of them had even anticipated such an event ahead of the 2 June bimonthly policy meeting. In the previous monetary policy meeting on 7 April, RBI maintained the status quo, but that was preceded by back-to-back inter-meeting rate cuts in January and March of a quarter percentage point each.

Bankers Trust:

When will we see the next rate cut? Govt knows

When will we see the next rate cut? Govt knows

Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday delivered what the market wanted—a quarter percentage point rate cut which brought the policy rate down to 7.25%—but the traders in both bond and equity markets rushed to sell. Bond prices fell and yield rose as dealers who took positions anticipating a rate cut did not lose time in booking profits even as the stock market presented a different story.