The Reserve Bank of India was set up twelve years before India’s independence. In the eight decades of its existence it has distinguished itself with conduct of the…
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By Ranjit K Pattnaik |
It is barely two years since Urjit Patel took charge as Governor of the Reserve Bank of India. Viral Acharya, the Deputy Governor, has spent even less time in his post.…
By Himadri Bhattacharya |
At the heart of the rift is an uneasiness and some alarm in the bureaucratic and the political circles that PCA will accelerate the loss of market share and cause…
By Jagdish Rattanani |
In terms of a speech, it is unprecedented in its forthrightness and signals a pushback like none other. It marks an almost unprecedented waving of red flags to bring to…
By M A Kalam |
In different parts of the world, at various stages of the evolution of humanity and in various ways and to different degrees, voices have risen and spoken up against…
By Jagdish Rattanani |
A global movement that focuses on human capital as a driver of change and growth for a new generation is a welcome move. It turns focus from physical infrastructure, a “…
By Arun Maira |
Some economists are vigorously churning out statistics to prove that the Indian economy is generating enough jobs. Some of them are also challenging the thesis that…
By Kiran Desai |
Gujarat has again captured the attention of the entire country for the wrong reasons. The assault and harassment of migrant livelihood-earners belonging to North Indian…
By Ajit Ranade |
India’s economic growth this year will once again be among the fastest in the world, even ahead of China. The real GDP growth rate, i.e. adjusted for inflation will be…
By Jagdish Rattanani |
Under Kochhar, the bank consolidated, but its DNA of aggressive growth took over and problems were back soon. In 2018, PAT was down 30% to Rs 6,777 crore. By July, the…
By Jagdish Rattanani |
M J Akbar has quit. But not before we saw how he wanted to cling on. He was not the one to leave his berth in a hurry. But that failed attempt to hold on was not his…
After two rounds of a hike in the policy repo rate, the Monetary Policy Committee (MPC) has announced a pause. The policy repo rate, which is meant to influence and…
By Jagdish Rattanani |
The resignation of Chanda Kochhar from ICICI Bank has come not a day too soon. Her formal exit from the bank announced on October 4 marks a sorry end to a career that…
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Contrary to widespread expectations of an increase of 25 basis points (by 50 bps by some), the Monetary Policy Committee (MPC) has maintained the status quo on the…
By Himadri Bhattacharya |
The MPC of the RBI caught almost everyone by surprise by keeping the policy repo rate unchanged at 6.5 per cent in its fourth bi-monthly meeting for 2018-19 by a 5-1…