IL&FS fiasco singeing mutual fund investors: What happened to fund houses’ much-vaunted research capabilities?
That IL&FS would default to its bondholders could have been easily ferreted out had the fund houses upped their ante on the back of their famed research capabilities.
IL&FS, DHFL shocks may be temporary triggers, but the bad news for Indian financial markets do not end there
Its a mistake to assume that ongoing market turmoil is only on account of DHFL, IL&FS issue
Root cause of NPAs is mega PSB loans: With funds distributed in dollops, reforms to sanctions will bode well for the sector
Bank loans are not meant for big ticket borrowers and the government should shut the PSB doors to loans to big industrial houses.
Time has come to stop handling auditors, both at the lenders’ end and at the borrowers’ end, with kid gloves.
Long term capital banking that the RBI has in mind would hopefully revive lending especially to infrastructure projects