SBI – The Lone Ranger..!

State Bank of India (SBI) declared its results today and much to the relief it did not slip into red like most of its Public Sector peers. Net profit did fall by 66% for the quarter yet it was able to save a little for its shareholders and to be carried to the balance sheet. Operationally, … Continue reading SBI – The Lone Ranger..!
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L&T and Tata Steel – A tale of two companies..!

L&T and Tata Steel both declared their results yesterday. While Tata Steel recorded improvement of 18% (excluding one-off) at EBITDA level it recorded loss of more than Rs 3,000 crore at net level for the quarter. For L&T, it was an impressive performance with 35% increase in EBITDA and 19% at net level. With annual … Continue reading L&T and Tata Steel – A tale of two companies..!
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Ab ki baar, Modi Sarkar..!

Like everyone else, feel tempted to do an appraisal of the Modi led government on the eve of its completion of 2 years in office..! Here is my take.. Honestly speaking, I had not been a fan of Narendra Modi (but BJP, yes) until he became the Prime Minister. However, Modi 2.0 is an altogether different … Continue reading Ab ki baar, Modi Sarkar..!

Towards an efficient Electricity market…

Two news over last few days brings little more light to the sector.. One, surrender of excess power by state utilities from Central allocation and second, discovery of market price for short term power through e-bidding. Power sector is so complex that it leaves you wondering where to start from..! However, a comparison with any … Continue reading Towards an efficient Electricity market…
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Chabahar Port agreement…

The news of agreement on Chabahar port seems to be receiving unprecedented coverage, like signing of a Nuclear treaty..! So much so that it doesn’t seem to leave room to talk about anything else..! So, my brief take on the same.. The agreement paves the way for building up an economic corridor from India to … Continue reading Chabahar Port agreement…
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Explaining Inflation..

WPI based for the month of April was released last week with inflation showing an increase for the first time after 17 months. The reversal may cause anxiety if this turns out to be the beginning of another upward movement in the inflation cycle. Inflation is a word that every policymaker, and of course, the … Continue reading Explaining Inflation..
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Weekly Round Up – Week 20

The week’s highlight was the news from banking sector. While SBI initiates process for merger of its associate banks, PNB shocks with more than Rs 5,000 crore loss in Q4’ 16. Other than PNB, four other PSBs, IDBI Bank, Syndicate Bank, Corporation Bank and UBI declared their results this week. All four have reported significant … Continue reading Weekly Round Up – Week 20

'Bank'ing on Consolidation..

State Bank of India (SBI) has set the ball rolling for consolidation in banking sector with stating its intentions to merge the associate banks with itself, a long awaited move. A brief look at the rationale and the challenges… For an industry to prosper, it is essential to have a competitive structure which is neither … Continue reading 'Bank'ing on Consolidation..
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Punjab National Bank -Why this provisioning..?

PNB results have come as a shocker with bank reporting loss of more than Rs 5,000 crore in March’16 quarter and about Rs 4,000 crore for the full year. Indeed, all public sector banks which have reported their results have reported losses/ large decline in profits during the quarter. So what exactly is happening in … Continue reading Punjab National Bank -Why this provisioning..?
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Monetary Policy Committee – What it entails..

The proposal to set up the Monetary Policy Committee (MPC), being discussed for quite some time and put forward as part of finance bill got cleared by the Parliament last week. This paves the way for formation of the committee, which is actually an evolution of Indian policy making process in line with global best … Continue reading Monetary Policy Committee – What it entails..
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