Articles by Srikanth Srinivas
Jul 10, 2019
Nirmala Sitharaman’s Budget is high on ambition but low on details; how will the big numbers be achieved?Echoing Prime Minister Narendra Modi, Sitharaman said in her Budget speech that India would be a $5-trillion economy in 5 years.
Mar 26, 2019
RBI forex swap auction: Central bank's move will help boost FPI inflows, but will it impact long-term liquidity?In October 2018, the RBI and the Securities Exchange Board of India (SEBI) proposed the Voluntary Retention Route (VRR) for foreign portfolio investors
Mar 07, 2019
Narendra Modi govt is mixing up its fiscal arithmetic; consequences may not be pleasant five years from nowThe purpose of government spending is about providing finance for those areas that only the government can provide, and not leave them at the mercy of the market.
Feb 19, 2019
NPA issue: Will RBI's 12 February circular help expedite bad loan recovery? Signs indicate it is on right pathThis smorgasbord of schemes didn’t even dent the NPA problem. The mountain just kept piling up until it reached 11 percent of total bank assets.
Nov 27, 2018
RBI-govt spat: Uneasy calm prevails as both sides seek to cool down temperatures, but rift far from overAt the RBI board meeting on that day, neither side actually blinked on the issue of transferring reserves from the RBI to the government’s accounts
Nov 09, 2018
Government-RBI rift: Forcing central bank to give Rs 3.6 lakh cr from cash reserves would jeopardise inflation storyEvery year since 2014, the RBI has transferred all the profits it has made to the government
Nov 06, 2018
Non-banking finance companies' mess: Cash-strapped firms haven't seen the worst of liquidity crisis yetIn 2017-18, non-banking finance companies (NBFCs) were the largest net borrowers from the financial system
Sep 25, 2018
Rise and fall of IL&FS: A bailout is a blunder; India's debt trapped infra financiers are walking on a minefieldWhatever the final outcome, IL&FS will never be the same institution again. In some ways, that is a pity; but markets have none.
Sep 19, 2018
The Great Indian NPA Mess: Bad loans can snowball into banking crisis; Jaitley's solution has political overtonesNPAs on the other hand, have been growing. The problem was that banks did not have the capacity to assess infrastructure projects which were much bigger now.
Apr 18, 2018
Air India privatisation: Time for naysayers to step aside and let national carrier sale go throughFast forward to today, and interest in the deal – the sale of Air India, Air India Express (the budget airline) and AI-SATS (a 50:50 joint venture with a gateway services and ‘food solutions’ provider) as one entity – is not exactly bubbling.