Friday, October 5th, 2018
A few notes from the MPC statement and press conference today. But first, a quick recap of the previous August policy and guidance: In the August meeting, the MPC was of the view that domestic growth momentum was strong and that the output gap was closing. However rising trade protectionism, geo-political tensions and elevated […]
Saturday, July 22nd, 2017
The RBI’s latest semi-annual Financial Stability Report is out and as always is full of interesting charts and information on the Indian economy. We came across a few great charts that show structural trends in financial markets and have summarised them below.
Friday, December 9th, 2016
A lot of stories in the media cover how demonetisation is positive for banks in the long run because of increased financial penetration. But there are also a number of issues that banks will also have to deal with in the short term. We summarise an article by FT Alphaville which analyses Credit Suisse’s latest report on some […]
Thursday, November 17th, 2016
With all the talk about how the currency crisis will affect Indian Real Estate, we thought it would be a good time to take a look at trends in the quarterly House Price Index (HPI). We find that the slowdown in the real estate market has become more acute in most cities. Chennai is the only exception, […]
Wednesday, October 26th, 2016
This years Morningstar Investment Conference covered a range of topics from some great speakers. The second day had a great panel on the current equity markets. We have summarised some of these views in our post.
Friday, October 7th, 2016
The new reserve bank governor and the monetary policy committee (MPC) have led to a shift in RBI stance on inflation. Whilst previous rate cuts were made with an explicit inflation target, the current committee has decided that the mandate should be more flexible given slow global growth.
Wednesday, August 10th, 2016
The bad loan crisis is one of the biggest pain points in the Indian economy today. We take a look at the RBI’s latest Financial Stability Report to identify which stressed sectors contribute most to the NPA problem.
Tuesday, June 7th, 2016
In its second bi-monthly monetary policy the RBI kept rates unchanged, with the repo rate remaining at 6.5 per cent and cash reserve ratio at 4.0 per cent. We highlight some of the key points from the policy statement and from the subsequent press conference: Inflation has an upside bias The RBI stated that […]
Wednesday, May 18th, 2016
We examine the quarterly House Price Index (HPI) for All India and for major cities that was released by the RBI via the Database on the Indian Economy (DBIE) to gauge trends in the Indian Real Estate market.
Friday, May 13th, 2016
This post, which is divided into three parts, will look at the implications of reforms such as UDAY and GST on state budgets. In this final part, we will take a closer look at the proposed implementation of the Goods and Services Tax. In the first part, we examined why it is important to look at this […]