"The regulator has to tackle a situation where the bank and its management are not doing their job," former RBI Governor Reddy told ET.
Wherever destiny led me, I did my dharma to the best of my abilities: Dr Y V Reddy, former Governor, RBI
The bureaucrat-turned central banker, Dr Y V Reddy, in his memoirs Advice & Dissent tells many tales of politicians, financial markets and important people.
Many have already written the epitaph as far as digitising the economy is concerned. Note ban that was supposed to be a harbinger of digital India is failing.
The new Insolvency and Bankruptcy Code will make it impossible for Indian banks to lend with compassion
But a positive outcome of this step will be that there would be a level-playing field at the negotiating table between bankers and borrowers.
There is enough grist for the rumour mills to speculate that government wanted to impose its wish on the MPC which is supposed to be independent.
Government-backed hackers are the real threat: TR Ramachandran, group country manager, India and South Asia, Visa
If cost was the major concern, we would never have such a huge share of business coming from nationalised banks such as SBI and Bank of Baroda, says Ramachandran.
RBI’s past admission indicates 1.25 percentage points is sufficient to keep a balance.
Losses at state-run banks in the April quarter was Rs 10,000 crore, the amount government plans to hand out to them as capital this year.
Bankers are precariously negotiating many land mines.
The NPA normalisation will continue to play out on capital costs for the next three years.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon