Analyzing RBI’s Monetary Policy & Growth Environment
Despite the monetary policy committee’s (MPC) decision to cut repo rate by 25 basis points, market reacted negatively and the reason is not far to seek. RBI has cut its…
Urban Co-operative Banks – Analyzing the Crisis…
Restriction of operations at Punjab & Maharashtra Cooperative (PMC) bank by RBI brings urban cooperative banks again into prominence and again, for a wrong reason. The governance issues cited by…
Banking Sector Interconnectedness
The interconnectedness of banking and financial sector is not widely understood or discussed yet a high risk issue. The rapid spread of contagion during financial crisis in 2008 was primarily…
IL&FS – Tracking the Developments, One Year On…
The collapse of IL&FS exactly a year ago continues to show its impact on the financial sector with skeletons falling off the board. The swift move by the government to…
Bimal Jalan Committee Report – A Critical Analysis
The Bimal Jalan committee submitted the much anticipated report on determining RBI’s surplus reserves late last month. While the report did help RBI transfer some surplus to the government, there…
How Stable is the Financial Market?? – RBI Report
Even though the market remains roiled by instances of default by NBFCs and their impact on other financial institutions, risk faced by the entire financial sector has actually come down.…
DHFL – Understanding the Crisis
Dewan Housing Finance Corporation Ltd (DHFL) had a bad last month with series of defaults/delayed payments, downgrade of debt papers to default grade, sale of some of the assets and…
Revisiting NBFCs (Non Banking Finance Companies)
NBFC sector has been receiving intense attention, most recently due to default by Dewan Housing finance Corporation Ltd (DHFL). The trouble which began about a year ago with the default…
Monetary Policy – Has it entered an “accommodative” phase??
The monetary policy committee’s decision to cut repo rate by 25 basis points was almost a certainty and did not come as a surprise. With inflation remaining subdued for quite…
RBI’s 12th Feb Circular – Understanding the Supreme Court’s Ruling
In an important ruling, the Supreme Court has quashed RBI’s circular dealing with loan default and initiation of insolvency process. The ruling has received widespread attention as it deals with…