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Thoughts on banking in the new decade

Those banks that remain complacent, bragging about their captive customer base, may turn dinosaurs

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After five decades of bank nationalisation, the government, as the majority owner of a large part of the banking system, must decide on whether to run the banks as an agency for social good or a commercial entity

Tamal Bandyopadhyay New Delhi

6 min read Last Updated : Jan 03 2021 | 9:41 PM IST

After reviewing the “current liquidity and financial conditions”, the Reserve Bank of India (RBI) last week announced yet another round of Operation Twist — a Rs 10,000-crore simultaneous purchase and sale of government securities on January 7.

Rest assured that the Indian version of quantitative easing is here to stay in the New Year to generate liquidity, manage the yield at both the shorter as well as longer end, pare the cost of government borrowing and help banks reap treasury profits. Among many new initiatives, the Indian central bank launched Operation Twist in December 2019.

Just ahead of the latest announcement on

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Reserve Bank of India Indian banking sector Indian Banks

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