Chart of the Day: NRI deposits have been a weak link in flows recently
Flows from NRI deposits have declined in the past year due to a combination of low interest rates, a hit to income from the pandemic and the rupee's relative strength against currencies other than the dollar.
Chart of the Day | Past dollar loans come to haunt India at the worst time
A large pile of external debt is coming up for redemption this year. The interesting part is half of the repayments are of past long-term debt coming at an unfortunate time.
Chart of the Day | Banks' rush for deposits begins at wholesale market
Issuance of certificates of deposits have increased over the past two months, an indication of the rush to garner deposits by banks amid a strong recovery in credit growth and reducing liquidity surplus
Chart of the Day: NBFCs are yet to fix their stressed loan book
Non-bank lenders have not been able to reduce their delinquencies in a big way despite the recovery in the economy once the pandemic began to recede.
Chart of the Day: Watch subprime loans closely in PSBs
Public sector banks have the highest proportion of subprime borrowers, the riskiest of retail category characterized by low credit scores,
Chart of the Day: MSME loan stress shows silver lining
Data from the Reserve Bank of India (RBI) shows that about 9.3 percent of MSME loans had turned bad by March 2022. That is lower than the delinquency ratio of 10.8 percent in FY21.
Chart of the Day: Look who has come back with deposits for banks
Deposits from finance companies such as mutual funds, pension funds, insurance companies and non-bank lenders has surged in FY22 but their share remains low in overall bank deposits.
Chart of the Day: Rate cuts bypassed credit cards during pandemic
The transmission of policy rate cuts during pandemic years missed credit cards completely, with interest rates rising for this category.
Chart of the Day: As crypto currencies plunge, crime doesn't pay anymore
Chart of the Day: Rising yields may find it hard to yank locals from equities
There isn't a large overlap between equity outflows and debt inflows when bond yields rise, a deep dive by BoFa Securities suggests
Chart of the Day: Hurtling towards a wide current account deficit
India's current account deficit widened slightly in FY22 but the real challenge would come in FY23 as adverse global conditions stretch the CAD further.
Chart of the Day: UPI on fire, cheques burn but cash endures
Cheques have plummeted as a mode of transactions to just 27 percent of GDP in FY22 from as high as 50 percent in FY16.
Chart of the Day: Sovereign gold bonds gain traction
Sovereign gold bonds have gained traction during the pandemic years as the price of physical gold has surged.
Chart of the Day: Short dollar positions vanish from RBI’s books in April
The RBI has run off its short dollar positions and at the same time elongated its forward dollar purchases to manage the impact of its forex intervention on domestic rupee liquidity.
Chart of the Day: RBI's forex intervention leans heavily on forwards
The RBI has done sell/buy swaps in March and April to elongate the tenure of its forward contracts. The central bank turned a net buyer of dollars in the spot forex market, as per data.
Chart of Day: Forex reserves are no vibranium shield against Fed tightening
Dollar outflows have intensified in the wake of the US Fed's unprecedented pace of tightening, which is reflected in the sharp fall in forex reserves of India as they get depleted.
Rupee at 80 for a dollar: This derivative sets a one-year time frame
If offshore NDF rates for the dollar/rupee pair are to be believed, the Indian currency is expected to weaken closer to 79 to its US counterpart in three months. What’s more is that the rupee could touch a low of 80 per dollar in a year’s time
Home loans could be steadfast amid a rate hike wind
Over a ten-year period, the share of home loans in total bank credit has increased by 5 percentage points, despite adverse interest rate cycles.
Chart of the Day: Déjà vu for RBI in inflationary expectations
Household inflationary expectations have risen to a level last seen roughly a decade ago, where Indians experienced a spell of elevated inflation for nearly three- four years.
How do ICICI Bank and HDFC Bank stack up, in five charts
ICICI Bank has been closing the valuation gap with HDFC Bank, which is still the most valuable private sector lender but is not able to command the premium it used to. Here's how the rivalry is shaping up
US 'recession': Why is the yield curve telling 2 different stories?
A distorted yield curve is giving conflicting signals on the probability of a US economic recession, depending on which tenure spread is watched
Going, going, gone! Pool of bonds with negative yields sees a lot of evaporation
As inflation fears grip world markets, the stock of negative yielding bonds has almost vanished, indicating interest rates are going to keep climbing.
Govt is shooting itself in the foot with borrowing binge
The government will have to use nearly half of its net tax revenues towards interest payment of its past borrowings, an unproductive expenditure
In Graphic Detail: It is time jobs become the centre of Budget
A lion’s share of employment generation in India is in the informal sector. Even as jobs have been lost, there has been greater formalisation of the economy with big companies gaining more market share and pushing out small firms.
