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Labourers clean glass of newly build Indiabulls finance centre at Lower Parel area in Mumbai

Yes Bank’s troubles run deeper and a cleanup appears harder

RBI may eventually have to arrange for Yes Bank to be swallowed by a bigger bank. But a long line of suitors is unlikely.
Queues outside an ATM after demonetisation was announced

Banks are shutting down ATMs even as people use them more

The number of ATMs in the country shrank in the past two years despite an increase in transactions, Reserve Bank of India figures show.
auto industry

This is why India’s automobile industry has had its worst month in 8 years

SIAM data shows that automobile sales declined by 15.93% in April 2019, but industry experts say this was only to be expected due to a number of factors.
RBI Headquarters in Mumbai

RBI warns finance panel of more fiscal slippages for states

The remarks were made during a meeting between the members of the 15th Finance Commission and the RBI.
Manmohan Singh

Modi’s 5 years have been the most traumatic, must be showed the exit door: Manmohan Singh

India headed for an economic slowdown and Modi govt has left the economy in dire straits, said former PM Manmohan Singh.
The Reserve Bank of India (RBI) logo is displayed on a gate at the central bank's headquarters in Mumbai, India

Why political meddling with central banks, like in India, is a terrible idea

Undoing the consequences of political meddling and restoring faith in a central bank – and the country’s currency – often requires a lot of short-term pain.
Reserve Bank of India (RBI) headquarters in New Delhi | Anindito Mukherjee/Bloomberg

Improved credit growth doesn’t mean there is an improvement in the health of Indian banks

Latest bank credit data, with highest reported growth to infra sector, highlights lack of fundamental reform in India’s banking sector.
ATM

60% ATMs still don’t have upgraded security features as RBI deadline nears

Sources say RBI is set to extend the deadline for 6 months or till the end of the 2019-20 fiscal as banking officials look to ensure that ATM operations are ‘not disrupted’.

Shaktikanta Das will remain RBI governor, no matter who wins Lok Sabha elections

A career-bureaucrat, Shaktikanta Das has worked in governments of Modi’s BJP and Congress & is equally comfortable with both.
People queuing outside bank after demonetization

Banks Board Bureau, Modi govt’s answer to woes of PSU banks, is yet to start delivering

Since 2016, PSBs’ performance has only gone downhill despite Banks Board Bureau’s mandate to reinvent them for greater efficiency, among others.

On Camera

Why Right-wingers and lapsed liberals hate Romila Thapar, the mother of history in India

The dislike for Romila Thapar is embedded in belief that Left-liberal monopoly on scholarship has denied Hindus their rightful place in history.
imran khan

With Lok Sabha elections over, how can India and Pakistan now repair fractured ties?

Pakistan Prime Minister Imran Khan is considering appointing a national security adviser to revive backchannel diplomatic talks with India.

Defence

RFID

RAW & IB chiefs, cabinet & defence secretaries — the key appointments awaiting new govt

The new govt will also appoint the IAF chief after incumbent Air Chief Marshal B.S. Dhanoa retires in September. 
Prime Minister Narendra Modi in Varanasi in 2014 | Commons

Pracharak Modi: The mask you see, is the man you get

India has its first leader who is unapologetic about belonging to the social and political Right. This is how Shekhar Gupta foresaw Modi’s five years in this National Interest within three months of his victory in 2014.