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  HDFC BANK may not qualify for  'More Equal Status' I wrote a blog 'Too big are more equals'@ on 24th March 2026, when the then Chairman of HDFC Bank Ltd. (the bank) resigned citing ' certain happenings and practices within the bank are not in congruence with my personal values and ethics'. I captioned thus, as the Chairman did not elaborate and the board of directors described the entire event as 'baffling', though they had the right to convene a board meeting and invite the aggrieved board member to explain, before accepting his resignation. The regulator also came out with a statement "HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, professionally run board and competent management team". However, t he investors remained in the dark. I wrote another blog ' engagement of legal firms by HDFC Bank'#  on  24th April 2026, as I was ' baffled ' to understand the rationale of conducting a 'rev...

  RBI MPC second meeting of FY 26-27 Will it recognize the market trends ? The second bi-monthly review meeting of the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) for the current financial year  (FY 26-27) started today . Before looking at the current position/movement of the various economic factors that form part of MPC discussion, I intend to present the following important events  in the last one month that might have a long term impact on the Indian economy. 1. On 10th May 2026, the Prime Minister appealed to the Indian citizens to minimize the use of fuel, cooking oil, purchase of gold and use public transport instead of private vehicles. Reason - the uncertainty on oil price, rupee's struggle to find its value versus USD and the unabated foreign currency outflows. 2. Following PM's appeal, the import duty on gold/silver was hiked by the Central Government to 15% with immediate effect.  3. Close on its heels, RBI Governor stated that (on 13th...

  Maintaining CRB  at the discretion of Central Board: RBI should ponder over a few points Reserve Bank of India (RBI) press release says "Taking into consideration the current macroeconomic factors, financial performance of the Bank and maintenance of appropriate risk buffers, the Central Board decided to transfer ₹1,09,379.64 cr. towards the CRB for FY 2025-26 .... and maintain the CRB at 6.5 percent of the size of the RBI Balance Sheet. The Central Board approved the transfer of surplus of ₹2,86,588.46 cr. to the Central Government for the accounting year 2025-26".  The Economic Capital Framework (ECF) introduced in August 2019 was internally reviewed by RBI and the revised ECF was implemented in March 2025. The revised framework provides flexibility to maintain the Contingent Risk Buffer (CRB) between the range of 4.5% and 7.5% of the size of the Balance Sheet. The Central Board of RBI is given the discretion to maintain the CRB between 4.5-7.5%, with the board requir...

  தமிழகத்தின் புதிய முதல்வர் வெற்றி பெற  ஏற வேண்டிய  படிக்கட்டுகள் தமிழகத்தின் முதல்வராக  திரு. C. ஜோசப் விஜய் பொறுப்பேற்றிருக்கிறார். இவருக்கும் மற்றவர்கள் முதல்வராக பதவியேற்றதற்கும் உள்ள மூன்று முக்கிய வித்தியாசங்களாக நான் காண்பது.  1. 60 வருடங்களாக தமிழகத்தை ஆண்ட இரண்டு மாநில கட்சிகள் வேண்டாம் என்ற எதிர்மறை ஒட்டுகள். இவரது தமிழ் படங்களில் வெளிப்படுத்திய நடிப்பால் ஈர்க்கப்பட்டு ரசிகர்களானவர்களின் நேர்மறை ஓட்டுகள். முதல் முறையாக வாக்களிக்கும் உரிமை பெற்ற இளைஞர்களின் ஓட்டுகள். வாக்களிக்கும் உரிமை பெறாத 5-18 வயதுக்கு உட்பட்ட பால் மணம் மாறா சிறுவர்-சிறுமியர்களின் வற்புறுத்தலால் வீட்டு பெரியவர்கள் அளித்தவை. சிறுபான்மை வகுப்பினரில் பெரும்பாலோர் அளித்த வாக்குகள். ஆக, நேர்மறை பாதி, மற்ற கட்சியினரின் மீதான எதிர்மறையில் பாதி என்று அவர் வாக்குகளை கணக்கிடலாம். பழைய வலி  நிவாரணிகள் பயன் தராததால் 'புதிய நிவாரணி' நாடி இருக்கிறோம். அது ஒரு 'மாற்று' மட்டும் தானா அல்லது 'வாராது வந்த மாமணியா' என்பதை புதிய முதல்வரின் செயல்கள் தீர்மானிக்கும்.  2. அவர் படங்களின் கதாநாயகன...

Dr.N. Kamakodi with CUB: 15 years as MD & CEO coming to an end Dr. Shri N.Kamakodi (Dr. Kamakodi),  Managing Director and CEO of City Union Bank Ltd. (CUB) for the last fifteen years, is demitting his office today. Shri R. Vijay Anandh, currently Executive Director of the Bank will be assuming charge as the new MD & CEO with effect from tomorrow (1st May 2026). As a mark of deep gratitude, respect and acknowledgement to the meritorious services received from Dr. Kamakodi, the bank has narrated (in its investors' presentation) the journey of its progress in the last fifteen years, with the latter being at the helm of affairs.  With an increase of  2 times in capital (paid up), 4 times the number of branches (network across India) and 3 times the number of staff (human resources)  the bank multiplied  its total business (deposits and advances) 7 times, net profit 6 times, reserves and surplus (net worth as well) 10 times and market capitalization (share pr...

  Getting a 'certificate' on Corporate Governance: HDFC Bank may be the pioneer I. Perplexed: I was surprised, when HDFC Bank (Bank) informed the stock exchanges that the bank's board, in order to reinforce the robust governance, took a proactive step and approved the appointment of external law firms to conduct ‘review’ regarding Mr. Chakraborty’s (ex-chairman) resignation letter. (In the resignation letter, Mr. Chakraborty mentioned that  certain happenings and practices within the bank in the last two years that were not in congruence with his personal views and ethics and he quoted them as the basis for his decision to resign). I was perplexed because, the legal firms engaged for the purpose might find it  difficult to come to a meaningful conclusion about the veracity of the reasons, cited in the resignation letter, from the following available 'material' records . 1. Discussions in the board meetings: Normally all decisions approved in the bank's board ar...