private banks

IMF’s recommendations to India to stave off “significant economic slowdown”

IMF’s recommendations to India to stave off “significant economic slowdown”

"Most high-frequency indicators suggest that weak economic activity has continued into December."
This digital payments system from India is becoming a role model for many countries

This digital payments system from India is becoming a role model for many countries

This umbrella organisation processes around half of all digital payment requests in India.
Why Indian banks need to move fast to save Jet Airways—and their money
India’s banks may still be unprepared for another PNB-like mega scam

India’s banks may still be unprepared for another PNB-like mega scam

The technology-based vulnerabilities remain unpatched.
India’s central bank finally toes the line, pays $4 billion advance to government

India’s central bank finally toes the line, pays $4 billion advance to government

The money will help the government fund its pre-poll sops.
Five key takeaways from India’s new central banker’s maiden policy review

Five key takeaways from India’s new central banker’s maiden policy review

With a rate cut and a change in stance, Shaktikanta Das has managed to woo industries and investors in his maiden monetary policy announcement as…
Indian banks may have an over Rs30,00,00,00,00,000 bad loan storm coming

Indian banks may have an over Rs30,00,00,00,00,000 bad loan storm coming

As if the bad loan crisis at Indian banks wasn’t alarming enough, there is a ticking time bomb that can spark another crisis for the…
Timeline: How Chanda Kochhar ruined her 34-year career with missteps in the last few

Timeline: How Chanda Kochhar ruined her 34-year career with missteps in the last few

An ignominious end to Chanda Kochhar’s illustrious career would have been unimaginable just a few months ago. But that’s how it turned out ultimately. An…
India’s growth is not just jobless, it’s also profitless

India’s growth is not just jobless, it’s also profitless

India’s high GDP growth is often criticised for not being accompanied by an increase in employment numbers. But then jobless growth isn’t the only problem…
One of India’s most celebrated woman bankers is booked in a $242 million fraud case

One of India’s most celebrated woman bankers is booked in a $242 million fraud case

The nepotism scandal at India’s ICICI Bank, which brought to pass the downfall of its celebrated former chieftain Chanda Kochhar, just got murkier. Not only…
Why the first outsider CEO is good news for YES Bank

Why the first outsider CEO is good news for YES Bank

At the corner offices of India’s largest private banks, 2018 was a year of whooping churn. And the ferment has yet to settle even in…
150 million Indians to go on strike against Modi’s “anti-labour” policies

150 million Indians to go on strike against Modi’s “anti-labour” policies

Daily life across India might come to a screeching halt as nearly 150 million employees across banks, public transport, factories, and government companies go on…
Ten events that rocked India’s banking industry in 2018

Ten events that rocked India’s banking industry in 2018

When the over 150-year-old US investment bank Lehman Brothers went bust in September 2008, it sparked a global financial crisis and a gradual erosion of…
Modi’s lieutenant during demonetisation is now India’s central banker

Modi’s lieutenant during demonetisation is now India’s central banker

A day after Urjit Patel abruptly resigned as governor of the Reserve Bank of India (RBI), the Narendra Modi government has found a replacement. Shaktikanta…
Why Asia’s richest banker is dragging India’s central bank to court

Why Asia’s richest banker is dragging India’s central bank to court

A dispute between Kotak Mahindra Bank (KMB), India’s fourth largest lender by assets, and the country’s banking regulator has reached the courts. The Reserve Bank…
Six takeaways from India’s central bank policy meeting

Six takeaways from India’s central bank policy meeting

India’s central bank is apparently reassured by cooling inflation and reinforced investment activity. In its fifth bi-monthly policy announcement for the year, on Dec. 05,…
A sensible government knows when to back off: Raghuram Rajan

A sensible government knows when to back off: Raghuram Rajan

India’s former “rockstar central banker”, Raghuram Rajan, has a word of advice for the Narendra Modi government in the backdrop of its strained relations with…
Half of India’s ATMs could shut down next year

Half of India’s ATMs could shut down next year

India’s up for another bad bout of a cash crunch as half of the country’s ATMs could soon disappear. Almost 113,000 ATMs in India—50% of…
After an incredible boom, e-wallets are dwindling in India

After an incredible boom, e-wallets are dwindling in India

The proliferation of digital wallets seems to have ended—and even reversed—in India. From just one in 2006, the number of firms offering e-wallet services had…