RBI has expressed its displeasure several times over banks not passing on interest rate cuts to borrowers. Banks counter that by saying liquidity has been inadequate.
Nassim Nicholas Taleb said that the collapse of China’s stock markets and crude prices may not be a bad thing after all.
State-run banks will get sufficient capital from the government and regulatory support from RBI if there is serious impairment to the book.
There are instances of banks chasing conglomerates to lend at wafer-thin margins despite weak finances, or lenders avoiding small companies despite a strong balance sheet.
Uday Kotak said that if you are today clubbed with Brazil, Russia, even China, it is not a good company to be in. It is time we pulled ‘I’ out of Brics.
When inflation targeting as proposed by Rajan was not acceptable to an administration which appointed him as governor, Modi accepted it without much fuss.
Standard Chartered is the biggest foreign bank in terms of reach, as well as the most troubled in India. Winters says how he plans to revive the British bank’s fortunes.
Standard Chartered Bank global CEO Bill Winters warned errant Indian companies that the bank would get ‘very aggressive’ if they did not cooperate with it.
"I think it is also very clear that our industry will change dramatically over the next few years, both globally, and in India."
Srinivasan has aced many roles he has played over the years — bond trader, corporate banker, even a cricketer once. And it is a career that still has a long way to go.
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