By any yardstick, 2015 was an eventful year. Banks’ bad loans swelled and, tired of setting aside money to cover the risk of default and…
Month: December 2015
Resolutions never made
After a year of serious commentary on banking and finance, typically the last column of the year is a fun piece. This year is no…
Will banks cut loan rates now?
New borrowers are likely to benefit from the Reserve Bank of India’s (RBI’s) policy rate cuts from April when Indian lenders start calculating their minimum…
Banks and the bloated debt of Amtek Auto: Part II
On 9 October, Brickwork Ratings India Pvt. Ltd downgraded non-convertible debentures (NCDs) worth Rs.484 crore issued by Amtek Auto to a D rating because of…
Banks to blame for Amtek Auto’s bloated debt
Cabinet approval for the recast of power distribution companies, converting their loans into state government bonds, will pare Indian banks’ pile of stressed assets—now around…
Next RBI rate cut not before April
In his post-policy interaction with the media on Tuesday, Reserve Bank of India (RBI) governor Raghuram Rajan reaffirmed the central bank’s accommodative stance in no…