Economies can recover even without big investments and there have been instances where credit less recoveries preceded investments growth.
The MPC is becoming more conservative & anti-inflationary than what the RBI would have been. It is seen prematurely shifting stance in interest rate cycle.
There are enough Mittals and Jindals to build steel and cement factories, but none with enough equity and desire to build roads, hospitals and schools.
If bankers only read Urjit Patel’s lips, it might be clear that it is shocks coming their way.
If the regulator has its way in driving banks to insolvency courts to sort out defaults, Indian banking won’t be the same again.
Individual decisions from banks were absent as they wanted comfort around decision making process.
Sebi should realise its mandate is investor protection, and not investments protection.
Skepticism on wholesale banks being viable comes from the fact that similar institutions dotted the landscape not long ago.
The regulator should probably order mutual funds to disclose their stance on strategic developments like mergers and acquisitions in firms they own stakes.
"Discussions started way back in January 2016 so it was a full 11 months of preparations. If somebody says 11 months are insufficient, I cannot say anything."
- No blogs yet have been written by the author, we’re sure the author will contribute one soon