Banking System in 2020 – A year in retrospect

Debut into 2021 marks an appropriate time to introspect into 2020 that will go down into the global history having caused unprecedented socioeconomic distress. With fears of new strain of coronavirus (Covid19) still looming around, the Indian economy is limping back to activity. Amid such ongoing distress, banking system, like other sectors have struggled to […]Read More

Look beyond near term measures to push credit growth

Amid the early signs of revival of the economy, RBI has been proactively nursing the financial ecosystem system with ample liquidity to accelerate credit growth. Manufacturing Purchasing Managers Index (PMI) has gone up to 58.9 in October 2020, the highest in more than a decade. Service sector PMI also increased from 49.8 in September to […]Read More

LVB Fiasco highlights missing governance

The recent near-collapse of Lakshmi Vilas Banks (LVB) is the clear sign of continuing indifference of banks in implementing corporate governance (CG) practices. It is now gasping for survival with worried depositors. Such successive debacles in financial sector expose the fragile governance even when it functions under the regulatory surveillance. Despite constant regulatory and supervisory […]Read More