What Urjit Patel can do to help improve India’s investment climate Urjit Patel will take over as Governor of RBI on September 4. Close to 53, he is among the youngest to be appointed to this position. One ho pes this is part of a larger move by Prime Minister Narendra Modi and the NDA…
The first seminar of the monthly “BSE-PIF Financial Sector Policy Series” was held in Mumbai on the 22nd of August 2016. The session was chaired by Ashish Chauhan – CEO, BSE and moderated by Dr. Rajiv Kumar – Founding Director, Pahle India Foundation. The seminar discussants were Anup Bagchi (CEO, ICICI Securities), Praveen Chakravarty (Senior…
Corporates are heavily dependent on banks to finance their long-term funding requirements. In the lending market, banks enjoy almost complete control. Bank credit was 63% of GDP in FY16. However, with Indian banks undergoing rigorous balance sheet restructuring and Basel III enhancing capital requirements, bank credit is likely to get conservative. Indian retail investors have…
In 2012, the state of Minnesota in the US briefly banned free online education. That’s right, a government thought it was a bad thing for people to educate themselves for free. The government essentially banned universities from offering classes online without taking permission from the regulatory body which included a registration fee. We in India…
The astounding success of the BJP in the 2014 general elections was attributed to Shri Narendra Modi and his party’s untiring campaign. Since the BJP won its majority in Lok Sabha and Modi took oath as Prime Minister, both the man and the party have seen their fair share of ups and downs in governing…
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Credit rating agencies (CRA) in India suffer from chronic problems in multiple dimensions. They work towards maximizing CRA shareholder value by way of increasing revenues from issuers, while trying to provide independent ratings for the consumption of investors. As that may sound convoluted, let us take a step back and understand why rating agencies have…