The political problem

Several years ago, immediately post-crisis, I wrote a short article for Nature exploring new ideas about modelling economic and financial ...

What went wrong with RBS?

A nice and indepth article that came in The Economist, which describes what went wrong with RBS .

What makes Swiss Bank Accounts safe and secure?

Recently, discussions about Swiss Bank Accounts came into prominence in Indian media further to the revelation that Indian nationals have a ...

What is SWIFT?

Being an NRI (Non Residential Indian), once in a while I sent money to India . Unlike before, nowadays it all happens online and is quite ea...

How do banks make money through credit cards?

Credit cards are ubiquitous substitutes for cash. Ever wondered in how many different ways banks make money through credit cards issued by t...

RBI cuts repo and reverse repo rates

The Reserve Bank of India lowered its Repo Rate and Reverse Repo Rate by 50 basis points to 5% and 3.5% respectively, with immediate effect....

How is EMI calculated?

The Equated Monthly Installment (EMI) of a loan is calculated according to the following formula. EMI = (P x i) (1+i) n (1+i) n - 1 Where, ...

Is Average Quarterly Balance Fine ripping us off?

In India, most of the private sector banks charge a hefty fine on their customers for not maintaining the required Average Quarterly Balance...