But, neither the RBI nor the government seem to believe the situation is similar to a Lehman crisis.
As RBI searched for answers for elevated inflation, Subir Gokarn came up with the idea of protein inflation. In a controversial speech in October 2010, he said with rising incomes Indians were consuming more proteins in the form of dals, eggs and meat.
Here are a series of opinion and related articles from Moneycontrol on the Lehman Brothers collapse.
There’s a belief that “India is a different story and we have a long runway”. It is always prudent to remember that the worst skids happen on the best of runways
While the economy’s dependence on bank credit has fallen, there is a risk of future growth being imperilled because banks have funded capacity creation and other sources of funding are shallower.
Sanjay Rishi, Regional President at American Express loves unwinding over the weekends. His two passions been playing golf and reading books. Watch accompanying videos to know how American Express rediscovered itself post Lehman Crisis.
Alok Agarwal Executive Director of ICICI Lombard General Insurance, P Chandrasekar General Manager – Insurance at RPG Group and Milind Sarwate Member – Group Management Center at Wadhawan Global Capital discuss whether companies today have the critical infrastructure in place for risk management.
Speaking to CNBC Asia, Chanda Kochhar, MD and CEO, ICICI Bank said she continued to communicate and instill confidence among her employees in dealing with customers who panicked and made a dash to the bank branches to withdraw their holdings.
Mar Gudmundsson, the central bank governor of the Bank of Iceland, gives his views on what central bankers should concentrate on. Check out his comments.
With the rupee breaking its lifetime low today, Vivek Rajpal, rates strategist at Nomura India believes that it’s time for the RBI to step in to control panic.
Senior currency strategist at BNP Paribas Chin Loo says she sees the rupee above 44-46.25 to the dollar with support coming in above 45.60