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…
Category: Blog
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…
Is 72 the right level of rupee vs dollar? It seems so
On 10 August, the rupee closed at 68.85 to a dollar. On 13 August, in the first 15 minutes after the foreign exchange market opened…
$ 3.4 trillion bank recap since Great Recession but no end in sight
Many believe that the 2008 financial crisis that forced the iconic US investment bank Lehman Brothers Holdings Inc. to file for bankruptcy was not a…
The new regime at RBI under Urjit Patel
Urjit Patel completes his second year as Reserve Bank of India (RBI) governor on Tuesday. Not too many finance ministry bureaucrats seem to be fond…