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Editor’s Blog

Restarting the reforms

Reported by | Updated: September 19, 2017

The government in a major policy shift in August 2015 had appointed private sector professionals to head two public sector banks – Bank of Baroda and Canara Bank – in pursuit of its desire to initiate the process of reforms in the public sector banking industry. The government had also picked up top private sector […]

The Bitcoin fork

Reported by | Updated: August 23, 2017

On 1 August cryptocurrency Bitcoin split into two. One of the resultant entities retained the Bitcoin name, while the other went by the moniker Bitcoin Cash. The immediate reason for the split is the debate over the cryptocurrency’s future – one group stating the underlying technology is not capable of scaling. Bitcoin has been improving […]

Cleaning the mess

Reported by | Updated: July 31, 2017

The recently promulgated ordinance to amend the provisions of the Banking Regulation Act of 1949 is a welcome legislation for the banking fraternity. It provides enormous powers to RBI to intervene in issues relating to distressed assets of banks, including directing banks to file bankruptcy cases against defaulters without even having to wait for the […]

WLTF banks are necessary

Reported by | Updated: May 22, 2017

The Reserve Bank of India,after initiating the process of setting up payments banks and small finance banks as part of its plan to introduce a differentiated banking  system  in  the  country,  is now toying with the idea of having what is described as wholesale and long-term  finance  (WLTF)  banks. The central bank has already come out […]

Lessons from yesterday…. applying it for tomorrow

Reported by | Updated: February 2, 2017

There have been several mishaps pertaining to demonetization. The protests have been even louder. PM, FM and other government representatives have outlined and emphasized the advantages and benefits of demonetization. I am proposing to look at the larger picture. The undisputable objective is rapid equitable economic growth. In the past, several attempts have been made […]

For a BharatCoin

Reported by | Updated: January 2, 2017

There is lot of brouhaha on digital currency these days globally.Several countries are initiating projects to experiment and finetune systems they believe will simplify the entire payments process, cut down transaction costs and bring in transparency. For example, the Monetary Authority of Singapore is proposing to create a digital currency that will trial on a […]

Citizens wanted action….and got it

Reported by | Updated: November 25, 2016

When I first heard the news about currency demonetization, my first reaction was that the government is on a roll, taking big steps. There have been lots of expectations of big and bold steps from Narendra Modi since he became PM. Numerous critics argued that he was too slow and was not taking any bold […]

The New Bankruptcy Code

Reported by | Updated: June 27, 2016

The Insolvency and Bankruptcy Bill, which became a law in May 2016 is considered a transformational legislation that is expected to specifically help in resolving issues relating to winding up of insolvent companies and lowering NPAs of the banks. Our insolvency law had remained outdated and unreformed as a result of which rehabilitation or winding […]

Banks vs Fintechs

Reported by | Updated: May 23, 2016

The driving force behind digital banking is not just the availability of technology but also the rising level of competition. Already 21 provisional banking licenses have been given, which is such a steep rise compared to the past that it boggles the mind.  RBI governor Raghuram Rajan has now expressed that banking licenses will become […]

ATM power problems – seek out-of-box solutions

Reported by | Updated: April 20, 2016

I was recently at a seminar where there was a panel discussion on ATMs. One point stressed by the panelists was that more than anything, the biggest constraining factor for uptime of ATMs in the rural areas has nothing to do with technology but is simply the lack of power availability. There were discussions on […]

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