The sharp decline in the rupee in the second half of 2011 has aided domestic banks with large foreign presence to report strong growth in credit portfolio, even as the demand for loans has been

After the Reserve Bank of India (RBI) rejected the proposal to provide an ‘SLR’ status to bonds, lenders have now agreed to convert Air India’s loan into non-convertible

The recent depreciation episode has been a costly shock for both the financial and the real economy. The large and abrupt drop in the currency’s value – in the absence of a meaningful