BUSINESS
AT-1 bonds are for risk takers. Small investors should know that.
Only that small percentage of funds that seek to take risk – and communicate it clearly with investors – should be allowed to hold these hybrid instruments
BUSINESS
Will rising oil prices hasten a rate hike in India?
Likely shocks to inflation include: higher fuel prices, services reopening pressures, higher commodity prices, and better pricing power amid a cyclical growth upsurge
BUSINESS
It is still no country for small firms
The sensational rise in the markets and return to profitability for large firms cannot mask the fact a small part of the economy is leading the recovery
BUSINESS
A market indicator of monetary policy direction
The 12-month OIS in India is able to predict the direction of interest rates
BUSINESS
MPC minutes | How long will the accommodative stance continue?
Members flag rising risks to core inflation. RBI governor Shaktikanta Das even talked about a “calibrated unwinding of high indirect taxes on petrol and diesel” to help contain inflation
BUSINESS
Paytm IPO: FOMO > fundamentals
Payments is just a way to funnel users into other paying products and services from bill payments to credit to cross selling. But it won’t be an easy gig.
BUSINESS
Earnings justify market rally, but risk is in the macros
Valuations remain high. Bond yields could cap market valuations
BUSINESS
Rupee close to a one-year high. Where is it headed next?
Continued foreign investment flows, improving economic fundamentals to support rupee
BUSINESS
Magma Fincorp and the financialisation of the Indian economy
The financial sector is growing in size and throwing up opportunities. Billionaires have been quick at spotting them
BUSINESS
Asset quality surprise?
Reported numbers from banks look good but caution still warranted
BUSINESS
What must shape the new development financial institution?
Government might need to allow tax-free and Statutory Liquidity Ratio (SLR) status for bonds issued by DFI to ensure stable and low-cost access to capital
BUSINESS
Monetary Policy Review | RBI tries to manage bond market expectations
The central bank announces support measures to keep yields down in the post-Budget review, but investors expect more
BUSINESS
Budget 2021 proposals to shake up banking sector
Bad bank and privatization of state-owned banks are key measures
BUSINESS
Bond investors turn eyes towards RBI after record borrowing plan
Investors hope the RBI will support bond prices after record borrowing programme was unveiled by Finance Minister Nirmala Sitharaman
BUSINESS
Economic Survey 2021 | What the finance ministry thinks about the banking sector
Survey suggests a round of asset quality review once COVID-19 forbearance is withdrawn followed by mandatory capital infusion
BUSINESS
RBI proposals for NBFCs right step, but it must address their linkages
NBFCs are the largest net borrower of funds from the financial system with half their funding coming from banks. This has systemic implications
BUSINESS
Legal battles remain a risk after creditors award DHFL to Piramal
Depositors and retail bondholders are two other classes unlikely to be happy
BUSINESS
Brushing bad loans under the carpet a retrograde step
If the government wants to help MSMEs, there are other ways like incentivising the use of the Trade Receivable Discounting System (TReDS)
BUSINESS
RBI Financial Stability Report tells investors: Wake up and smell the coffee
Report warns of a rise in NPAs which could hamper economic recovery, warns of stretched valuations of financial assets posing risks to financial stability
BUSINESS
RBI signals return to normalisation. What does it mean for rates?
Short term rates could rise, not much impact on 10-year yields
BUSINESS
No rate cut, but doves continue to coo during MPC meet
RBI maintains accommodative stance, ignores ultra-easy liquidity conditions
BUSINESS
Two reasons why the banking sector is not out of trouble
Bounce rates in debit transactions are high; lenders want to extend restructuring window
BUSINESS
MPC has a tough balancing act
How can the central bank reduce excess liquidity while maintaining monetary accommodation?
BUSINESS
The mess in the DHFL bidding process is wholly avoidable
Late bids are unfair; they threaten the sanctity of the insolvency resolution process
