“Reserve Money” is an interest aspect of our banking system. Reserve money is eventually multiplied into “broad money supply”. Reserve money growth has ...
Tamal Bandyopadhyay has a great article on the growing NPA situation in banks. While many public sector lender NPAs have gone up, the NPAs in private banks ...
Two things are expected of the RBI today, in their monetary policy statement. One, that it will not raise interest rates – a stance taken already in end ...
In an attempt to unravel what’s happening with liquidity in India, let me explain a new concept called the Marginal Standing Facility (MSF). When you deposit ...
RBI has deregulated the interest rate on NRI deposits of one year or more. There are some ridiculous definitions for NRIs – they have to deal with “NRE”, ...
It’s nickel-and-dime time again, folks. HDFC Bank will now charge for anything if you snoop around their branches, so don’t step in to say hi to that ...
In my first post, I’d asked what you would do if you lost your job. Not too many responses came about, and I think that’s because people don’t think such ...
The Reserve Bank of India will buy 10,000 cr. of bonds in an OMO auction on Nov 24 (an Open Market Operations auction between RBI and Banks/PDs who offer bonds ...
…and the bank index fell nearly 3% yesterday. Moody’s, which is a rating agency and therefore likely to be completely clueless, took the Indian banking ...
