Madan Sabnavis

Articles By Madan Sabnavis

291 Articles

Financing budget expenditure through RBI surplus is novel financial engineering

The currency revaluation reserve has been more volatile—Rs 5.3-6.9 lakh crore in the last five years, with the lower end being reached in 2017 and a low of Rs 1.2 lakh crore in 2010.

RBI has a balance sheet size of Rs 36.3 lakh crore. News

It’s the manager: Here’s how will offices operate in coming years

It's the Manager: This book focuses a lot on what employees want and how managers have to work to ensure that the best is gotten from employees.

It's the manager, book review, employees, customer engagement, Gallup Surveys News

HDFC 2.0 | The story of how HDFC has adapted to remain a frontrunner

The story of how HDFC Bank has adapted to remain a frontrunner

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The Space Barons | Big men, big money

A compelling profile and stories of private ventures involving space travel and exploration

The Space Barons, book review of The Space Barons, Christian Davenport, Space X, amazon, tesla, virgin, Jeff Bezos, Blue Origin, Elon Musk, Richard Branson News

Sovereign bonds arrive, but will these conquer?

We do not really require forex reserves badly enough to justify such borrowings from the currency standpoint. Also, the cost factor has to be examined in greater detail before launching such issues

Sovereign bonds, Indian government, government borrowing, overseas market, foreign portfolio investor, FPI,  India Millennium Deposit, IMD, LCF factor News

Silicon States | How tech firms influence politics and what it means for future

Greene refers to Silicon Valley as the Fifth Estate as it has come to replace also the media (which is referred to as the fourth estate) as the main source of information

The UK government has turned to Google for machine learning for health services. News

Budget 2019: What you may have missed

Budget 2019 India: The size of the Budget is now Rs 27.86 lakh crore, compared with the Rs 27.84 lakh crore in the Interim document. There has been no change in overall budget allocation compared with the earlier one. This sh

Budget 2019, budget, startups,budget highlights, budget 2019 date, budget 2019 PDF, budget 2019 highlights, budget 2019 income tax, budget highlights 2019 india News

Economic survey 2019: Focus on investment and sharpening the edges

The question really is whether these green shoots blossom or not. At present, the picture on farming does not look comfortable with a delayed monsoon. Industrial output will have to be watched and the base effect can tend to

how to become rich, investment, investment types, investment calculator, mutual fund investment, economic survey, Retirement age, life expectancy, higher life expectancy, economic survey 2019 News

Calls for reduction of interest rate- here are pros and cons

Interest rates have been looked at normally from the corporate lens, and hence the view is these should be lowered to spur investment.

Shriram Transport Finance, Shriram Transport Finance NCD, NCD, interest rates, NBFC,post office small savings schemes, bank deposits News

Book Review: Firefighting The Financial Crisis And Its Lessons

The attraction in reading the book titled Firefighting is that it is like hearing things straight from the horse’s mouth, as the three authors had worked with relevant authorities during this phase and got the system back o

Book Review, The Financial Crisis, The Financial Crisis lessons, global financial crisis, lifestyle News

India 2030: How would the Indian economy look like in 10 years?

India 2030 is a kind of omnibus on the visualisation of experts of how the Indian economy would look like in 2030, and the action points required to be taken for getting us there.

Lifestyle News

GDP calculation: Is the CSO right in its approach?

Academic papers have their own charm, as in economics, and once the assumptions are stated and the models run, there is nothing amiss if all the tests are performed and are shown to work.

Opinion News

NPA crisis: Why RBI’s new framework on bad loans is interesting

It is not quite sure as to how this will work out in the times to come. But the RBI has plugged this gap in a very innovative way.

The replacement of RBI February 12, 2018 circular on insolvency was long awaited and the new guidelines released on June 7, 2019 are interesting. News

What The Economy Needs Now | A succinct examination of economic issues facing the country

This is important because several solutions take decades to work out, and a start made in the right direction has to be appreciated.

Economy News

Verdict 2019: Little to do with economic issues

It is possible that the farmers are more discerning and do distinguish between the states and the Centre when it comes to evaluating performance.

Opinion News

Explained: How banks have been transmitting rate cuts by RBI

Are we being unfair when we constantly fret over the slow transmission of interest rates by banks when the repo rate is cut? This has become a habit of late, one where there is a lot of concern raised on the slow transmission

From January 2015 to June 2018, there were seven reductions in the repo rate, amounting to 200 bps, and banks' WALR changed by 205 bps during the period News

Jugaad 3.0 | How firms can get great ideas from within organisation if they are open-minded

CEOs surely need to read this book to provide space for indigenous innovation, which will require a change in mindsets.

Lifestyle News

Banking in FY20: Getting the CAMEL back on its feet

Capital is the driving force in banking, more pertinent for PSBs. This issue has to be tackled head-on in the current year as the demand for credit should be better since there would be no disruptive policy.

Opinion News

No quick-fix: Growth is a slow process, there are limits to what policy can achieve

It has to be understood that growth is a slow process and cannot be achieved by either cutting the repo rate by 100 bps or increasing the fiscal deficit by 1%

world economy, policy induced growth, China, financial crisis, RBI, MCLR, lending rate NPA ratio, repo rate, monetary policy, fiscal policy News

Book Review: Modi and Markets by Dhiraj Nayyar

A collection of articles from the past, delving into Modi’s achievements as PM and his work towards setting up a meritorious economy, reads dated.

pm modi, pm narendra modi, narendra modi, bjp News

Secondary market for loans is the right way to go

RBI has mooted the idea of creating a secondary market for bank loans in the latest credit policy. The idea already exists in modified forms for certain categories of loans. Impaired assets were being sold to other takers whi

In order to ensure the orderly development of the secondary market, strict regulation is the order of the day and should be pursued by RBI. News

Lok Sabha elections: Why continuity would resonate better for markets than change

The stock market is known for its idiosyncratic ways, and, hence, it is hard to predict which way it will go. The indices are driven by a variety of factors, and most of the effects are for specific sessions, before it is bus

The BSE Sensex can be tracked for specific months before and after the elections to ascertain any such patterns. (Representational image) News

A blow to the IBC process?

Top this with loan waivers being announced, which give a reason not to pay up, and we are headed for a very different kind of a loan culture.

Opinion News

Growth targeting: Should the monetary policy framework be reviewed?

Creating a new price index that aligns with the GDP composition is the only way to make monetary policy effective as it can curb excess demand forces across the economy

MPC framework, CPI inflation, MPC, inflation index, monetary policy, monetary policy framework News

Book Review: The Wisdom of Finance by Mihir Desai

Concepts of a dry issue like finance are put forth like stories to make for an interesting read

Lifestyle News

Curbing black money, GDP growth don’t solve problems of common man

In this context, the economic indicators that prevailed just prior to the elections can be examined in the last five elections to deduce whether macro indicators matter or not. Hence, for the 1996 elections, the GDP growth of

Curbing black money, GDP growth don't solve problems of common man (Representative image) News

How to Rig an Election| Account of how polls are often a farce

Rigging an election is done broadly in six ways and is an eye-opener, as it can happen even in western countries. The first is ‘gerrymandering’, where the district borders are redrawn, so that there is a mismatch between

An interesting account of how elections are often a farce in many countries News