Banks must stop pressuring junior executives to engage in relentless cold calling to sell loans that customers do not need or peddle complex investment products that clients do not fully understand
There have been a number of cases in recent past where the erring banks and non-banks have faced the regulator’s wrath for rule violations. Clearly, the RBI is not comfortable with this pattern and wants to act early
The higher-than-expected growth number and a moderation in core inflation offer comfort to the MPC. Yet, the panel is likely to stay cautious on the inflation-front. Here’s why
Pharma has emerged as the real star this earnings season, but banks are poised to join the rally soon as NIM pressure is behind them. Expect IT earnings to bottom out in the next one to two quarters, he said.