Capital Inflows – FDI, FII and the Rest
The current account deficit (CAD) continues to remain in the limelight, having risen to 2.4% of GDP in quarter ended June’18. While trade and invisibles forms one part of the…
Understanding NBFCs (Part II)
The profitability of NBFCs is derived by charging higher rate of interest (up to a ceiling governed by RBI) which customers agree to pay since they have to meet less stringent…
Understanding NBFCs (Non Banking Finance Companies) – I
The default by IL&FS and its group companies has brought NBFCs (Non Banking Finance Companies) into focus again. These companies do not deal with public money (probably the reason why…
IL&FS Default – Analysing the Crisis
The default by IL&FS and group companies in their debt obligation signals the spread of NPA mess beyond the banking space to aggregate financial services sector. Even though the default…
Corporate Analysis – Reliance Industries
Reliance Industries Ltd (RIL), the largest private sector company in the country recorded revenue of over Rs 4.3 lakh crore and net profit of Rs 36,000 crore in FY18 (consolidated).…
Subprime Crisis – Part II
The sign of the busting of bubble started to show from the middle of 2006 with the transition of loan from ‘interest only’ and ‘teaser rates’ to regular payments. This…
Subprime Crisis – Ten Years On.. Part I
The subprime crisis has caught the global attention again, today marking the collapse of Lehman Brothers, ten years ago. The crisis remains a classic case study for the enormity and…
Analyzing Amalgamation of BoB, Vijaya Bank & Dena Bank
The amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank announced yesterday comes more than a year after the last successful merger in the PSB space. The amalgamation involves…
The Curious Case of Essar Steel Insolvency..!
The decision of National Company Law Appellate Tribunal (NCLAT) earlier this month to accept the bid of Numetal and conditional acceptance of bid by ArcelorMittal for sale of Essar Steel…
US China Trade War – Understanding the Dynamics
The tariff hike on some of the Chinese goods by US government has shown that Mr Donald Trump is serious about what he talked about during his election campaign. Even though…