YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.
Reddy has worked to reform the economy.
Never one to mince words, Rajan will walk away with a mixed legacy
We are all 'Chasing the Monsoon', notes Ajit Balakishnan.
Reducing policy rates is not enough. The key is to ensure banks lend to credit-constrained borrowers.
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
In a forthright "last public lecture" before he retires next week, RBI Governor D Subbarao was on Thursday sharply critical of the government, blaming its "loose fiscal stance" for the current economic woes, and warned that the root cause of rupee depreciation is "domestic structural factors."
What Shekhar Gupta would have really liked to know from Pranabda: Why did Sonia prefer Dr Singh to him as PM? Why did he deny finance first, why did he accept it 5 years later, and why did he make such a mess of it? How did he force Sonia to nominate him for President and not Hamid Ansari? And how does he justify that most toxic legacy -- the Vodafone tax amendment?
Manmohan Singh, reveals the former President, was keen that either P Chidambaram or Montek Singh Ahluwalia be the finance minister.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Rajan tells RBI colleagues he will be returning to academics
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
Angry Congress members staged a walkout during Modi's address.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
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