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Banking Central | MPC minutes show panel’s deepening worries on growth The rate panel is left with no choice but to support growth which explains its accommodative stance regardless of high inflation RBI | Representative Image At the December meet, the MPC’s forward guidance remained largely the same as it was in the previous round. The panel reiterated its 'decision' to remain on an 'accommodative stance' as long as necessary to support growth at least during the current financial year and into the next financial year. This is where one of the MPC members Jayanth Varma had a disagreemen...

Banking Central | The year-end ruminations of a pessimist banker The year 2020 was a horrible one for banks in many ways. Will 2021 be any different? December 14, 2020 / 02:46 PM IST The phone rang. It was this senior Mumbai banker whom I have known for years and is a well-known personality in the financial services industry-- someone known to speak his heart always. What began as a routine call to discuss the latest developments at a recently-rescued bank soon turned out to be a long chat on broader banking sector issues. The conversation went largely on these lines: Me: So, 2020 is comi...