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Home / Tag Archives: Indian Economy/Financial Markets

Tag Archives: Indian Economy/Financial Markets

Sweden-based Indian couple, have named their daughter after Korean based Mutual Fund!

Talk about globalisation! A Sweden-based Indian couple, have named their daughter after Mirae mutual fund. The couple was a regular investor in MF and were happy with the reurns: A Sweden-based Indian couple, have named their daughter ‘Mirae’ drawing inspiration from Mirae Asset Mutual Fund, in a testament to the growing popularity of mutual funds in India. Mirae Asset Mutual Fund has been one of the top performers with two of its funds in particular, Mirae Asset Large Cap Fund and Mirae...

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Let hundred Dwijendra Tripathis (business historians) bloom

This post reviews the proceedings of ‘The International Conference on Indian Business and Economic History’ held at IIM Ahmedabad on 29-31 Aug 2019. The conference was held in the memory of Prof Dwijendra Tripathi, who taught business history in IIMA for four decades. Prof Tripathi passed away last year on Teacher’s day! It was a tragedy that the course was not taught for next 25 years before Chinmay Tumbe started teaching it once again in IIMA. This conference was organised by a team...

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Agri finance: Another year, another panel. Will things change?

RBI released a report on Agricultural credit over the last weekend. I review the report in moneycontrol. Advertisements This entry was posted on September 17, 2019 at 12:32 pm and is filed under Agriculture, Central Banks / Monetary Policy, Indian Economy/Financial Markets, reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a...

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The net impact of RBI transfer on balance sheet is about Rs 89159 cr

The RBI gave record transfer of Rs 1.76 lakh crore to the government. The Rs 1.76 lakh crore in turn comprised Rs 1.23 lakh cr annual dividend and Rs 53,000 cr on account of excess transfers. See my article for more details. RBI announced this transfer on 26 Aug 2019. RBI releases the weekly balance sheet which gives ideas on how the transfer actually took place. If we see the balance sheet changes from 23 Aug 2019 to 30 Aug 2019, we get some ideas. In Rs crore 23-Aug-19 30-Aug-19...

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A saga ends in India’s cradle of banking: South Canara

Superb piece by M. Raghuram in Mint: In the new wave of bank mergers announced by finance minister Nirmala Sitharaman on 30 August, Syndicate Bank will now be merged with the anchor Canara Bank. In short, Syndicate Bank will cease to exist. The Udupi-born Corporation Bank will also lose its name. Founded by Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur in 1906, it will be merged with Union Bank of India and Andhra Bank. Last year, another local bank, Vijaya Bank, which was started...

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RBI Committee on the Development of Housing Finance Securitisation Market: Review

RBI released a new report on Development of Housing Finance Securitisation Market. I review the findings of the report in my new article in Moneycontrol. Advertisements This entry was posted on September 11, 2019 at 4:06 pm and is filed under Indian Economy/Financial Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a...

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RBI’s report on developing secondary market for loans

RBI recently released a report on the need to develop a secondary market for corporate loans. In this moneycontrol article, I review the main findings of the report. Advertisements This entry was posted on September 9, 2019 at 4:03 pm and is filed under Indian Economy/Financial Markets, Policy, reports. You can follow any responses to this entry through the RSS 2.0 feed....

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Reserve Bank of India’s flip-flops on floating rate benchmarks

Superb post from Prof JR Varma of IIMA. He points how RBI in 2001 had asked banks to use external benchmarks before going to internal benchmarks in 2010. In 2019, we are back to external: These flip-flops reflect the failure of the central bank on two dimensions: The failure to create a vibrant term money market with liquid benchmark rates creates dissatisfaction with external benchmarks. In 2009, the RBI Working Group justified the shift to internal benchmarks as follows: Banks are...

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The Origins Of The Great Indian Bank Merger

In the last 2 years, the number of public sector banks have been brought down from 27 to 12. First SBI merged the 5 State Associate Banks and Mahil Bank. Recently, the 10 banks were merged into 4 banks. My BQ piece on the history of the 10 banks that were merged recently. Advertisements This entry was posted on September 5, 2019 at 2:54 pm and is filed under Indian Economy/Financial...

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Review of Jalan Committee: A case of both glass half-full and half-empty

After much wait and expectation, the Jalan Committee released its report. It was like watching the play Waiting for Godot. My review of the key messages behind Jalan Committee in this piece on moneycontrol (fixed link). As we know, the RBI gave a total surplus of Rs 1,76,051 crore to the Government of India (Government) comprising of Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions. It is the second portion of Rs 52637  Cr which is due to the...

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