loans

India’s quantitative tightening

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The persistent gap between credit and deposit growth has perplexed many. Could it be due to shortfalls in money injection by the RBI?Neelkanth Mishra | Jun 05 2023 | 8:54 PM IST This appeared in the Business Standard on 6 June 2023 (link). Over the past year, deposit growth in the Indian banking system has … Read more

Credit where it’s due

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Bank loans have lagged the economic recovery. Here’s why that’s about to change. September 2, 2021, 10:09 PM IST / Neelkanth Mishra in TOI Edit Page (link) Apr-June GDP estimates show that while real output in June 2021 was 9% lower than in June 2019, there is strong evidence of a sharp recovery in the … Read more

Signs of a maturing bond market

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The bond market has been stress-tested, and is seeing structural strengtheningNeelkanth Mishra | Last Updated at July 3, 2019 02:30 IST (This was published in the Business Standard: link) How worried should one be about the bond market? In a financial market that is constrained for capacity, the bond market was expected to step into … 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