Private banks have been in the news this week because of a huge churn of personnel. Axis Bank’s CFO is set to join HDFC Bank, while Axis, in turn, appears to have poached Bandhan Bank’s CFO. The bigger personnel-related news is that after the controversia... See more
PNB was the first bank in the country to announce its new FCNR (B) deposits scheme after RBI the details of how it will pick up the hedging bill for those deposits. Ten or twenty years ago one wouldn’t have expected a PSU bank to be so nimble. Our reason ... See more
A stand out feature of this time’s minutes of the Monetary Policy Committee (MPC) is the appearance of the external sector and the rupee as a key monitorable. Importantly, while all the three external MPC members have commented on the current and capital ... See more
Renew, India’s second largest renewable power company is taking a giant leap into backward integration. This week the ground breaking ceremony of the company’s solar wafer plant gets under way in Andhra Pradesh and in two years the wafers will be ready fo... See more
Recording its sharpest single-day rally in 13 years, the Indian rupee today ended at 93.1/$, a good 1.9% higher than its Monday close of 94.83/$. In contrast most Asian currencies fell by 0.5% today versus the dollar. This after being the worst performing... See more
