How does the balance of payments affect demand?

Thursday, October 18th, 2018

How does a balance of payment problem affect demand in the economy? Neelkanth Mishra of Credit Suisse puts it in an elegant way in an interview with Ira Dugal. To paraphrase, if you think of it like a household budget: suppose a family has a consumption expenditure of Rs. 120 and an income of Rs. […]


ICA and IBC woes

Wednesday, August 29th, 2018

The NPA problems have been brewing for a number of years. Along the way the RBI and the government have tried various schemes for banks to find a resolution to bad assets. Each of these schemes had fancy acronyms, such as CDR, SDR, S4A, JLF etc., which were wound up because they did not have […]


The rally in financials

Monday, August 27th, 2018

There has been a lot of buzz about the potential for financials in India and investors have been willing to pay a huge premium for well managed private financial institutions. Taking note of this, there has been a rush for such companies to list on the bourses. Already a number of NBFCs, insurers and asset […]


The rise of retail banking

Wednesday, August 8th, 2018

Nice piece by Vivek Kaul in the Mint paper on how Indian banks are changing the focus of their business. It talks about how, without any regulatory push, Indian banks are increasingly moving toward narrow banking with a focus on the retail segment. This is of course a direct result of the NPA mess that […]


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