Fiscal and Monetary Policies at X-Roads

While some leaders, particularly the politicians cutting across party lines, have been advocating that RBI should monetize the fiscal deficit of the government in order to pump in more liquidity…


Prompt Corrective Action Vs Politically Correct Action

Bharat’s banking sector is now getting into vicious cycle of NPA-led dip in bank profitability- weaker bank balance sheets- decline in incremental bank credit. This is not an overnight phenomenon…


Bank Frauds in Bharat- Issues and Challenges

According to statistics given in the RTI query filed by economist Prasenjit Bose, total value of bank frauds where the amount involved was more than Rs. 1 Lakh in each…

PNB Fraud

Lessons from the PNB Fraud

The recent Punjab National Bank (PNB) episode highlights the need for effective internal controls in the banking system and swift action by the regulators, law enforcing agencies and the government….


Mobiles may make banks extinct

The mobile phone is now being used for small-time financial activities, such as information on prices, billing settlements, etc. We have service providers like Air Tel/Jio providing internet-based TV channels…