Category Archives: RBI

Does Raghuram Rajan live in a Cuckoo World?

I read the news “Rajan has bad news for savers: Deposit rates set to fall” What Rajan says makes a lot of sense, in ‘economic theory’. I doubt if even his father, a retired bureaucrat, would give him pass marks. … Continue reading

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Banks to feel the heat of bad loans for some more time, cautions RBI report

The Indian Banking system has built-in systemical handicaps. they can never, repeat never ever, get out of this syndrome of ‘bad debts’. Briefly, these result from (1) the random policies for granting loans in the first place; someone outside the … Continue reading

Posted in Bad Loans, Banking, Economy, Financial Stability Report, gross non-performing assets (GNPA), India, NPAs, RBI, Restructured standard advances (RSAs), the Bureaucrats | Tagged , , , , , , | Leave a comment

Global economy may be slipping into 1930s-like depression, warns Rajan

Global economy may be slipping into 1930s-like depression, warns Rajan While, broadly, agreeing, must recall that the ‘democratic India’ of to-day is totally different from the ‘exploited colonial India’ of the Great Depression years. The Malthusian prophesy of ‘disasterof numbers’ … Continue reading

Posted in 'Indian diaspora', Banking, Devaluation, Economy, Global Depression, India, Industry, RBI, Reserve Bank of India | Tagged , , , , , , , , , | Leave a comment