Urban Co-operative Banks – Analyzing the Crisis…

Restriction of operations at Punjab & Maharashtra Cooperative (PMC) bank by RBI brings urban cooperative banks again into prominence and again, for a wrong reason. The governance issues cited by RBI put a serious question mark on the operations of the entire segment and necessitate an overhaul of the sector. Here is a look at […]

Global Trade Overview

The increasing trade tension has taken its toll on the global trade as its growth fell sharply in 2018, as per the WTO report. More importantly, trade in the first quarter of 2019 has recorded a decline for the major countries as per the initial figures which means 2019, as a whole could be much […]

Weekly Round Up – Week 37

Major news for the week are reasonable growth in IIP, declining automobile sales, reasonable bids received by IL&FS for its road assets and sale of stake by ADAG group company. In the international news, ECB re-starts its bond buying in a sign of anticipated slowdown.

Housing Finance Companies (HFCs) – An Overview

Housing finance companies (HFCs) are facing increasing attention and tightening of regulations, fallout of NBFCs crisis. A turning point has been the default by DHFL, a leading HFC. The crisis being faced by the industry is unprecedented and can lead to fundamental change in their business model because of their inherent disadvantage vis-à-vis banks. But […]

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 […]

Tata Steel – Understanding the Strategic Realignment

The decision to call-off the joint venture with ThyssenKrupp is quite a setback for Tata Steel trying to reduce its global exposure. Yet, it is an interesting phase for the company with series of developments reflecting the strategy shift. The focus is shifting back to domestic production in contrasts with the global expansion undertaken during […]

Understanding Rural Income Pattern (Part I)

The distressful condition of poor in general and rural population in particular has become an important issue during this election and desirably so. However, while data on income level and income pattern in urban India is easier to obtain, getting the same for rural India is tougher. To address this issue, NABARD (National Bank for […]

Budget – Understanding Deficit Terminologies..

The most important and the first number economists and all analysts look at while analyzing the budget is the fiscal deficit as a percent of GDP. The figure, revised marginally up from 3.3% to 3.4% for FY19, is projected to be maintained at 3.4% for 2019-20 also. However, other than that, budget also throws up […]

Wealth Inequality – Is There A Way Out??

While media continues celebrate wealth and growing number of millionaires, the income disparity across the world is getting worse. As per the Oxfam report released earlier this week, an astonishing 82% of total wealth created last year was cornered by the top 1% while the bottom half saw no increase at all. The increase, over […]

Index of Industrial Production – October ’18 Performance..

Index of Industrial Production (IIP) has recorded an increase of 8.1% for the month of Oct’18 as per the data released by MOSPI yesterday. While monthly rate may show substantial fluctuation, average growth rate for first seven months of this financial year also shows a substantial improvement. Average growth rate, which was only 5.2% till sept’18, climbs […]

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