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Month: September 2014

3 / 6

LIC owns about 20% of the Indian Stock Market, Mostly Public Sector

Update: Something is seriously wrong with this data. It makes no sense that LIC is 20% of the Sensex Market Cap, to be honest. At best, it’s likely to be ...

The Curious Case of Venus Remedies – Potential CDR?

A curious story emerged earlier today. Venus Remedies, a pharmaceuticals company listed on the BSE and NSE, saw their shares plummet nearly 20% from ...

Premium: Market Shows Cracks, CAPM20 Reverses Weakly

Our proprietary indicator, the CAPM 20, has reversed again. Unfortunately, it remains a weak reversal, since it has reversed from below 30. But’s ...

RBI Wants To Cut Sector-Based Incentives When Banks Give Loans

My last point on the Rajan’s recent presentation is about how they view financial inclusion in the concept of spreading Credit. Does this probably ...

Should Banks Think of ATMs as A Profitable Business Separately?

From more slides that released today, as part of Raghuram Rajan’s speech at the FICCI-IBA Annual Conference: While its true that banks aren’t ...

RBI May Allow Small Value Transactions Without Two Factor; Merchants To Take Abuse Risk

I’m going soft on the RBI. I really, really, really like Rajan’s presentation – I mean just the slides, since I wasn’t actually there ...

Is Orchid Chemicals a Wilful Defaulter?

Every quarter all banks are supposed to provide a list of Wilful Defaulters to CIBIL (and other such agencies). A wilful defaulter is someone who can, but will ...

Consumer Price Inflation for Aug 2014 at 7.8%, Too High For a Rate Cut

Consumer Price Inflation for August 2014 comes in at a nice 7.80%. This is lower than last month, but still quite high and the "slope" of the ...

IIP Growth Falls to 0.5%, Manufacturing Contracts to -1%

India’s Index of Industrial Production (IIP) fell to a four-month low of 0.53%, after three strong months. (Interestingly, June IIP was revised up from ...

Macronomics: Corporate Debt Restructured Forms 5% of All Bank Loans, Highest Ever

What is the CDR mechanism? When a debt-laden company in a distressed state, and can’t pay back it’s debt, the bank can write off the loan as ...