Revisiting NBFCs (Non Banking Finance Companies)

NBFC sector has been receiving intense attention, most recently due to default by Dewan Housing finance Corporation Ltd (DHFL). The trouble which began about a year ago with the default of IL&FS has seen skeletons tumbling out of the closet. While RBI has proactively provided liquidity to the market, it has refused to bail out … Continue reading Revisiting NBFCs (Non Banking Finance Companies)
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GDP Growth – FY19 Performance Analysis

GDP growth declined for fourth successive quarter, reaching a level of 5.8% for quarter ended March’19, as per the data released by MOSPI recently. This is also the lowest quarterly growth rate in the five years of NDA-1 government. (How the government still came back to power is another story). Growth rate for the full year at 6.8% still looks more respectable. In absolute terms, GDP for the full year stands at Rs 140 lakh crore (constant price) and Rs 190 lakh crore at current price. Here is a look at the details. Continue reading GDP Growth – FY19 Performance Analysis