G20 accord needs US policy shift

In the wake of the subprime crisis, the G20 coordinated its fiscal and monetary actions to avoid an economic catastrophe.
It succeeded in averting a possible repeat of the Great Depression.Read full story

Crisis losses and rescue costs

The subprime crisis of 2007 inflicted substantial losses on the financial sector as it unfolded over the next couple of years. These losses were estimated in trillions of dollars and so were the co.. Read full story

HRD in banks is more than just pay

At a recent conference on banking, I was asked what the three priorities for public sector banks (PSBs) should be. My impulse was to say that they should simply focus on HRD.
But, then, I hap.. Read full story

Let IIT directors retire at 65

Over past year or so, three leading business schools in the US — Harvard, Chicago and Stern — have hired new deans. The oldest of them is 48.
Here in India, we seem to be moving in t.. Read full story

Banks, relax — until the next crisis

Every economic crisis gives rise to suggestions for radical reform. But these suggestions typically last only as long as the crisis. Once the crisis has blown over, it is business as usual.
 .. Read full story

Tread warily on new private banks

Is it time to let industrial houses into banking? This is by far the most important question raised in the RBI discussion paper on entry of new banks in the private sector. Industrial houses will not .. Read full story

The world falters, India booms

The divergence between macroeconomic policies in India and those in the advanced economies in recent months has been striking. Fiscal tightening has been under way since fiscal 2009-10 itself. Monetar.. Read full story

How do we pay the bankers?

How to pay top managers is a vexed issue anywhere. The numbers look outsized and are getting more obscene by the day. In banking, we have an even more difficult problem. It is not enough to align.. Read full story

Begone, management gurus!

Leading B-schools are looking to overhaul the MBA syllabus. Nitin Nohria, the newly-appointed dean of Harvard Business School (HBS), is said to believe that the way management is taught in B-schools c.. Read full story

Boom or no boom, we can grow at 9%

The indian economy grew at an average of 9% in 2004-08. This burst of growth surprised people since it had not been immediately preceded by any burst of ‘reforms’.
Some commentato.. Read full story