The Reserve Bank of India’s (RBI) last board meeting in Mumbai continued for hours, the longest in its recent history. Much time was spent discussing…
Month: October 2018
What Ails The Great Indian Asset Sale?
In September, after the annual ritual of a review meeting with the chiefs of public sector banks, Finance Minister Arun Jaitley said that non-performing assets (NPAs) with…
An AQR For The India’s NBFC Sector?
Early last week, the State Bank of India said it would buy up to Rs 300 billion of quality loans from the stressed non-banking finance…
The New (Dis)order Of Indian Financial System
Many analysts are defining the near-collapse of Infrastructure Leasing & Financial Services Ltd (IL&FS) as the Lehman moment for India. We need to wait as…
No Action Reserve Bank Policy Brings Rupee To The Centrestage
Every analyst and her aunt were expecting a quarter percentage point rate hike on Friday but the Monetary Policy Committee of the Reserve Bank of…
Policy rate has no relevance at this point, guidance is the key
The yield on 364-day treasury Bill now is 7.73% and that of 91-day is 7.18%. Short-term money market instruments, such as commercial paper and certificate…