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Madan Sabnavis
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It’s hard being a banker: The Indian banking system is probably the most pressurised system
The Indian banking system—especially with regards to the public sector banks—is probably the most pressurised system where politics and commerce score over economics.
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States’ Fiscal Care: Ratings route to make states fiscally disciplined
RBI incentivising banks to invest in rated sdls should prod states to get their bonds rated; the more fiscally disciplined the state, the better the rating.
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Selling a story: An engaging narrative makes all the difference in this book on sales
Sales is probably the most important function of any business, because it is the front end of the company and generates revenue, which is the raison d’être of any commercial activity.
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Sowing Problems: Don’t saddle private sector with the MSP burden
MSP is a flawed policy and make sense only in case there is a backward link via government procurement as is the case with rice and wheat that are key to PDS and buffer stock operations.
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Book Review: A book argues that the world has become a better place than we think – Factfulness by Hans Rosling
The most recent news item relating to electrification in the country highlighted the fact that all the villages in the country are now electrified. It was added that the challenge henceforth is to ensure that all households get access to power. How would the reader react to this statement?
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Out of the frying pan and into the fire?
Apart from what a contracting loan-book will mean for a PCA bank’s NPA ratio, narrow-banking will mean such banks earn less.from their funds.
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Is Marx still relevant?
The latest protagonist of critique of capitalism, Thomas Piketty, has highlighted the growth of inequality, which is a speaking point today in all the seminars with the acceptance that capitalism has ended up being self-serving (as would be applauded positively by Adam Smith, who believed in self-interest).
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Book review: Here’s a book that talks about the famous band Beatles’ time in India
The group visited India at a time of no Internet and very few news sources as compared to today.
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Liberalisation: Is India afraid of market forces?
There is a tendency in the country to regulate prices with different interest groups in Mind. Interest Rates and Forex matters are also not left to the market.
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Rethinking investment provisioning: Banking on a loan vulnerability reserve
The loan vulnerability reserve can be created for special mention accounts, with differing norms for different grades of such accounts
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Book Review: Information overload
The sheer amount of data today is changing decision-making, thus changing the rules of capitalism
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Book Review: Nassim Nicholas Taleb’s ‘Skin in the Game’ is all praises for US President Donald Trump
Nassim Nicholas Taleb is all praise for US President Donald Trump because he has made idiotic mistakes and lost money as an entrepreneur, and hence can be trusted because he has his skin in the game.
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Banking Sector in FY18: A roller-coaster ride for sure
The banking sector, in FY18, went through a lot—from mounting NPAs & the IBC coming into force to governance lapses and talk of privatising PSBs.
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Govt’s borrowing programme: Adopting a new approach
The announcement of the borrowing programme for the first half of the year was an important signal for the market, considering that the liquidity is tight at present with greater dependence on the repo auctions (term).
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Debt Servicing: Caught in the fiscal debt trap
Ideally, debt servicing should be resolved internally and receipts like divestments can be used to partly finance such redemptions. even options like spectrum sale can be used.
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Book Review: ‘Demonetisation and the Black Economy’ has the answers to all arguments on demonetisation
The author is hard on the RBI, which preferred to remain silent rather than clarify various issues, considering that there were several changes made by the central bank in the conduct of exchange of old notes over the two-month period, which had bankers in a tizzy.
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Budget 2018: UPA’s and NDA’s starkly differing priorities
The interesting aspect of these allocations is that 16 of the 49 broad ministry-heads accounted for 92% of total allocations in both the periods. As a corollary, it follows that the others are relatively less important in the broader frame.
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Bad loan resolution: Banking on RBI’s new framework
The idea to do away with CDR, SDR, S4A, etc, is commendable, as these provisions had become routes used for camouflaging the tainted part of the loans
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Bank deposits have been yielding lower returns, this makes them inferior financial products
Notwithstanding the fact that both corporates and bankers want interest rates to be lowered further, households have confronted a wall in terms of returns on deposits, which have come down to the extent that they are unattractive.
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Book Review: The GDP conundrum
GDP might not be a perfect concept, but in the absence of more viable options, rules.
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Book review: Thin Dividing Line by Paranjoy Guha Thakurta & Shinzani Jain takes reader through money laundering and ways to do it
A book that examines money laundering and how it can be done under the cover of perfectly legal actions.
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Budget 2018: Proposals would definitely be compelling given that they come just before elections year
Budget 2018: Every Budget brings along with it different hopes and expectations, which get expressed in the form of demands from various sections. At another level, the critics pontificate on the wisdom of having fiscal targets that always move downwards, which helps to discipline the government.
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Recalling 2017: GST was a victory for Modi government
The highlights of the year, in terms of impact on the economy, would have to be GST, the IBC process and inflation
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FRDI Bill: In its current form it will throw up challenges for every banking segment
The deposit-holders are already at the receiving end in the new mantra of banking. First, the return on deposits is very low. Second, it gets taxed unlike equity or some social funding schemes.
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Insolvency guidelines: In collateral damage, a few good promoters will get hurt
The advantage of being a commentator is that one can be critical about everything without taking any responsibility. This holds for cricket, where the commentator may have never held the bat or could have been a very unsatisfactory one-day batsman, but may still talk eloquently and critically on the toss, let alone the game.
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A pensioner’s nightmare and monetary policy: When interest rates are lowered, this class gets affected sharply
Utmost care should be taken when interpreting the concept of real interest rates as it is a very narrow concept and obfuscates the cumulative impact, especially for those who are fully dependent on interest rates for income.
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Book review: Some pertinent lessons for all aspiring entrepreneurs
Some pertinent lessons for all aspiring entrepreneurs on the dos and don’ts of a start-up
