The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Saturday, November 8 1997

Letters to the Editor

An architect takes a bow

Chakravarti Rangarajan took over the stewardship of India's central bank in December 1992, at a time when the credibility of the country's financial system had come under a cloud following the securities scam. When he took over as governor, Rangarajan had said that the major issues facing the central bank were putting the Indian financial system back on the rails, restoring the credibility of the banking system, and ensuring the viability of the financial institutions.

Investment banking needs a re-look

During the last decade the focus of most Indian corporates has been on asset growth, which in turn was expected to enable sales growth and the consequential growth in profits. While this might have happened in some cases, it appears that the growth processes and plans for most corporates have been rather traumatic and financially disastrous.

Define fair banking risk

The much awaited busy season credit policy announced by the RBI governor has aroused considerable interest. While it is premature to make a value judgement on its positive impact on the financial system and economic management of the country, it must be admitted that the policy has pushed the banking sector to gear itself up for greater market orientation.

"Why maintain double standards?"

Define fair banking risk

Exploiting the weak

An architect takes a bow

Jalan is the right choice, says industry

Jalan Speak

Investment banking needs a re-look