Lehman Brothers

Rating agencies, facing regulator's wrath for IL&FS tragedy, are left with a hard choice now

In the Indian context, there are several examples where rating agencies failed to sense the imminent danger and continued awarding top ratings to firms in trouble only to witness payment defaults a few months later.

Narendra Modi govt must not trigger chaos in economy and put India on the backfoot by invoking Section 7; hold on Urjit Patel

Urjit Patel has never been a darling of the media unlike his predecessor Raghuram Rajan

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.

The Great Indian NPA Mess: UPA's sins were of commission while NDA's errors are of omission

the UPA may be blamed for a combination of political interference and infrastructure adventurism. But NDA also deserves a share of the blame for the NPAs, although an arguably smaller one.

Rupee crashes past 72: If the American hand continues, Indian currency can drop to 75 to a dollar

the only lesson that we learnt from the 1997 South East Asian Financial Crisis was the fact that the central bank of a country should not become obsessed with the idea of defending the value of its currency at any particular value

After two years at RBI, Urjit Patel’s silence is more eloquent now than ever before on central bank's independence

Except in the demonetisation episode, Urjit Patel cultivated an image that built his persona as a lone warrior who fought to safeguard the independence of the RBI and brought in the much-needed structural changes in the way India looked at monetary policy.

Demonetisation: Services activity contracts in Nov as consumers cut spending

It was also the biggest one-month drop since November 2008, just after the collapse of Lehman Brothers triggered the global financial crisis

A question to P Chidambaram: Did UPA deserve Subbarao at RBI?

Another major instance, Subbarao highlights in the book was in April, 2012, when the then UPA finance minister, Pranab Mukherjee almost announced the monetary policy an hour before the central bank could announce it.

SBI merger with associates: Why there is a danger in letting the elephant grow bigger

The concern of policymakers worldwide about the 'oversized' financial institutions is justified since if something goes wrong with them, this can have serious ramifications on the whole financial system

Govt mulls strengthening Financial Stability Devpt Council: Chidambaram

The FSDC, headed by the Finance Minister, was set up in 2010 to coordinate the work of various financial sector regulators, including RBI, SEBI (capital markets), IRDA (insurance) and PFRDA (pension).