Financial Sector - An Awkward Corner

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Y.V. Reddy has the last laugh

There has been no shortage of Reserve Bank of India detractors. And a lot of the criticism of the central bank has been focussed on its 21st governor, Y.V. Reddy, who stepped down recently. Reddy had been attacked through his tenure for two main reasons...

How The Gale May Blow Through India

The crisis in Western finance has hogged the headlines this month. A lot has also been written and said about how the problems in the US and Europe will affect stock prices here. That's the bird's eye view. It would also be useful to take a worm's...

Financial Crises: My Seven Favourite Books

This has been an astonishing month in the global financial markets --- the collapse of Lehman Brothers, the sale of Merrill Lynch, the nationalization of Freddie Mac, Fannie Mae and AIG, and fears that several other financial institutions are tottering...

A Dash of Financial Sector Hypocrisy

T.N. Ninan has written a typically thoughtful piece in Business Standard this weekend. He points to the fact that the US government is merrily bailing out financial institutions while urging other countries to cut regulations of their financial sector...