Much self-praise has been in evidence about the Indian economy being the fastest-growing large economy, even as critics have pointed to the skewed distribution of growth, with tax data showing that the number of people earning Rs 1 billion has risen from ... See more
Are Indian markets smelling a growth upgrade? In July, and especially in the last week, Nifty has outperformed Nasdaq, Kospi, and Taiwanese indexes. Sample this chart: The likelihood of India’s GDP growth crossing 7% in the April-June period has risen sha... See more
Private banks have been in the news this week because of a huge churn of personnel. Axis Bank’s CFO is set to join HDFC Bank, while Axis, in turn, appears to have poached Bandhan Bank’s CFO. The bigger personnel-related news is that after the controversia... See more
PNB was the first bank in the country to announce its new FCNR (B) deposits scheme after RBI the details of how it will pick up the hedging bill for those deposits. Ten or twenty years ago one wouldn’t have expected a PSU bank to be so nimble. Our reason ... See more
A stand out feature of this time’s minutes of the Monetary Policy Committee (MPC) is the appearance of the external sector and the rupee as a key monitorable. Importantly, while all the three external MPC members have commented on the current and capital ... See more
