finance

Hidden inter-linkages hurting growth

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How fiscal pressures on state budgets are more pro-cyclical and weak imports push up bond yieldsNeelkanth Mishra | Last Updated at December 4, 2019 01:00 IST (This was published in the Business Standard: link) Economies are complex systems, with inter-linkages that usually do not get adequate attention, but which can have a strong effect on … Read more

Are financial savings under-reported?

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If the real repo rate, the term premium and credit spread were to normalise, borrowing rates could fall by more than 2 percentage pointsNeelkanth Mishra | Last Updated at April 30, 2019 21:37 IST (This was published in the Business Standard: link) Are we saving enough? Like it is for households, the question is an … Read more

Restoring rural cash flows

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Low food prices hurt cash availability in the rural economy, and loan waivers make that worseNeelkanth Mishra | Last Updated at January 22, 2019 21:25 IST (This was published in the Business Standard: link) “Bazaar mein paisa nahin hai” (there is no liquidity in the market) has become a common refrain of distributors and wholesalers … Read more

A challenge and an opportunity

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As concerns move from liquidity to solvency of select NBFCs, uncertainty is the bigger challengeNeelkanth Mishra | Last Updated at November 7, 2018 22:57 IST (This was published in the Business Standard: link) The credit outstanding with Non-Banking Finance Companies (NBFCs: in this article this includes the Housing Finance Companies or HFCs as well) was … Read more

A change of stance on PSU banks

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The transition to IFRS, which Indian banks are required to comply with starting 1 April 2018, is also likely to front-load loan losses for banksNeelkanth Mishra | Last Updated at October 2, 2017 23:17 IST (This was published in the Business Standard: link) Until recent months, most policymakers seemed to be convinced that PSU banks … Read more