An Inside Story Of The Bankers’ Bank
Reserve Bank of India is not perfect. It has room for improvement. Alpana Killawala, who handled RBI’s communication for over 26 years, uncovers insider facts about the central bank and its governors, from S. Venkitaramanan to Raghuram Rajan, drawn from her extensive experience as the communication officer
June 30, 2024
‘Ensure Benefits Of Growth Are Shared’: Former RBI Governor Duvvuri Subbarao
Former RBI governor and ex-IAS officer Duvvuri Subbarao has come out with a new book titled Just A Mercenary?: Notes From My Life and Career. In a freewheeling chat with Outlook Business, Subbarao speaks about his career, concerns and what India must do to achieve sustainable economic growth
Ayaan Kartik - June 29, 2024
NBFC Licence, Please?
Fintech firms are queueing up outside RBI’s office seeking NBFC licences as they see loans as a sure-fire way to profitability. But things are not as easy as they seem
Prathik Desai - June 29, 2024
No. Vijay Shekhar Sharma's Resignation Will Not Save Him
Having fallen out of favour with investors, shareholders and the Reserve Bank of India in recent months, the cause of Paytm’s current woes is the same that led to its initial quick rise—Vijay Shekhar Sharma. By giving up the chairman’s job at Paytm Payments Bank, he is attempting a Bond-like escape from the wrath of the banking regulator. Will he succeed?
Vinita Bhatia - February 29, 2024
Morality Tale
From poster boys of heady success in the start-up valley, Vijay Shekhar Sharma, Ashneer Grover and Byju Raveendran are the pinup boys of what disproportionate ambition could do to otherwise seemingly good men
Suchetana Ray - February 29, 2024
It Is Too Early to Celebrate India’s New Growth Path, Says Raghuram Rajan
Former RBI governor and economist Raghuram Rajan has been vocal about his ideas on policy matters in India. His latest book Breaking the Mould, co-authored with economist Rohit Lamba, is a deep dive into finer issues of the economy, including welfare schemes, job crisis, misplaced priorities of the government and much more. In an interview, Rajan demystifies the current narrative of growth in the country and why manufacturing-led growth might not be the best solution at hand. Edited excerpts:
Abdul Haleem Sherif - December 29, 2023
What Led to Urjit Patel’s Resignation? An Insider Explains
There have been resignations in the Reserve Bank of India (RBI), but governor Urjit Patel’s in 2018 over policy differences was a rare event in the history of the central bank, writes former finance secretary Subhash Chandra Garg in his book. He details the frustration of the government with the RBI under Patel and the circumstances that eventually culminated into the latter posting his resignation on the RBI website
October 31, 2023
Optics of Demonetisation
The RBI has claimed that Rs 2,000 notes are being withdrawn from circulation as they have served their purpose of meeting cash requirements after the 2016 demonetisation. But declining circulation figures indicate that the note was already on its way out. Is there something more than meets the eye?
Rajat Mishra - May 30, 2023
RBI’s Unsure Walk With E-Rupee
The central bank’s discourse on CBDC is caught between its abhorrence for private digital currencies and FOMO on innovation in global financial order. Its cautious steps on e-rupee may conceptually sit well with a government that wants a digitised economy, but they put a question mark on the bank’s intent on the ground
Neeraj Thakur - December 31, 2022
Shaktikanta Das: Rupee’s Messiah
Not a conventional economist with degrees from global universities, the RBI governor is seen as the man who did not let things go out of hand during the Covid-19 period. With an eye on the evolving global situation, he is the man India watches on inflation, the value of rupee, virtual currency and the general economic stability
Neeraj Thakur - November 29, 2022
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