CARE assigns default rating to Dhanlaxmi Bank’s upper tier II bonds
Many ifs and buts in RBI’s new debt recast scheme
The analyst community severely under-estimated the asset quality issue at ICICI Bank.
Higher capital adequacy for banks in economies which have under developed debt markets will put fetters on credit growth in the economy.
Why only Vijay Mallya?
Supreme Court order to RBI for disclosing the names of large corporate borrowers to the court is a positive development
The reported bad loans is the tip of the iceberg
Defence stocks on a high, but don't jump the gun.
Why new debt recast scheme is like a nuclear deterrent.
HDFC Bank faces deposit concentration risk: Analysts.
ICICI/BoR: An expensive marriage?
Divergent trends in durable, non-durable consumer goods.
SBI may have 8 chiefs in 4 years, says analyst.
Government needs to improve rural incomes to boost overall economic growth.
Market under-estimating retail non-performing loans - in current economic slowdown, banks are growing their retail credit aggressively.
Raghuram Rajan's policies of keeping interest rates high and compelling banks to report high non-performing loans without adequate recapitalisation from the government will contribute to secular stagnation in the Indian economy.
RBI announces on tap licensing for banks and it remains to be seen whether the regulator will permit stock brokers to become banks.
Government's decision to front-load the recapitalisation is a positive but insufficient step given the magnitude of the asset quality problem in the industry.
Government should follow expansionary fiscal and monetary policy along with imposing capital controls on foreign flows if it wants to revive growth, capital expenditure and employment.
Greater problems may emerge from socio-economic tensions in Europe which may result in other nations voting to leave the European Union.
Government should articulate to the market what kind of monetary policy is required to promote growth & employment. The government appears ill-prepared in finding a replacement for Governor Rajan.
The Reserve Bank of India's new norms for bad debt recovery. This may suffer the same fate as the earlier schemes.
Remedies for tackling the banking crisis in India.
State Bank of India's sharp increase in power sector loans is a cause of concern.
Advising small & medium enterprises on their business strategies
Reforms and privatisation of life insurance in India has led to catastrophic losses for customers with a marginal increase in life insurance penetration.
Analysts are belatedly reacting to ICICI Bank's poor 4QFY2016 results which was long overdue.
Bankruptcy Code 2015 is great in theory but all depends on its interpretation and its implementation. Prior laws like the Debt Recovery Tribunal Act, 1993 and the SAFRESI Act, 2002 were stringent but did not result in any material change on the ground.
Markets Have Run Up Ahead of Estimates: Hemindra Hazari
Contrary to market belief, the Indian corporate sector is not highly indebted as leverage ratios are still significantly below one.
Lessons to be learnt from the Vijay Mallya fiasco and how to recover bad debts from wilful defaulters.
Standard Chartered Bank's Indian
operations' loss of Rs 6,700 crores in 2015 indicates that the
management quality is similar to that of the Indian government banks.
The Reserve Bank of India dilutes tier 1 capital norms for Indian banks.
ICICI Bank in de-risking mode!No point in de-risking portfolio when the management responsible for the problem is implementing the restructuring
Expect a Tsunami of Bad Debts
Increase the fiscal deficit & simultaneously impose capital controls to revive economic growth.
Should Taxpayers Be Bailing Out Banks In Trouble Over Bad Loans?
Panel discussion on the bad debt problem in government banks
ICICI Bank 3QFY2016 (Oct-December 2015) results. The stock market continues to under estimate the extent of non-performing loans of the new (set-up post 1991) private sector banks. Yet these banks are able to meet analyst expectations on net profits.
ICICI Bank 3QFY2016 results : The first analyst to call the asset quality problem in new private sector banks.
Why the January-March quarter in 2016 will also be a dismal quarter for the Indian economy and for the corporate sector.
Most banks are undertaking Strategic Debt Restructuring (SDR), 5/25 schemes and restructuring standard assets to not provide for non-performing loans and are deferring and compounding the problem.
Stalled projects rise in December 2015 quarter impacting banks and their stock meltdown reflects the underlying economic environment. Just as the rising flood waters in Chennai did not differentiate between public and private property, the economic slowdown should impact both government and private banks.
Impact of new base rate guidelines should have marginal impact on banking sector.
Prefer Kotak Mahindra and HDFC Bank as asset quality woes not yet over for the banking sector.
Draft guideline for base rate of banks determined by marginal cost of funds to be detrimental for most banks.
2QFY2016 new private sector banks results. Wisdom is finally dawning on the market, that asset quality of the new private sector banks is a concern.
Banks maybe sitting on huge unrealized losses in the wake of the significant infrastructure and corporate lending undertaken in the past.
Government implementing P J Nayak Committee Report for government banks.
Britannia Industries: Dominance in the premium biscuit segment results in strong revenue and earnings growth. Britannia’s rural growth tends to be stronger than the urban growth while in many companies it is the exact opposite
Kotak Mahindra Bank: Although the bank has less exposure to corporate and infrastructure India and should do better than its peers in performance, disappointed with the bank’s involvement in the DLF IPO issue as highlighted in the SEBI report
Indian private sector defence industry a major beneficiary of “Make in India” but at the cost of the government-owned defence companies.
Prefer FMCG, Pharma and IT sectors.
The plight of small companies (annual sales of less than Rs100 crores ) in India reveals their grave plight and the paucity of demand in the corporate sector.
Expectations from Budget 2015-2016 for the banking sector: Massive recapitalization of around Rs100,000crores for government banks combined with significant increase in fiscal deficit to boost the economy.
Indian government needs to spend more but economic policy makers have a mistaken belief that lower fiscal deficit and lower inflation will lay the foundation for future growth.
Modi government should focus on sectors where chances of employment are high, have greater linkages with domestic industry and are less capital and import intensive. Projects like high speed rail should have less priority
Stimulating demand a challenge for new government.
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