Tagged: RBI

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Is Yes Bank Failure the Lehman Moment for India

When the Federal Reserve decided not to provide a rescue for Lehman in 2008, it created utter chaos and confusion resulting in credit markets basically freezing with banks unwilling to lend to each other let alone to others. India has seen many Bank Failures including the failure of a Scheduled Bank, Global Trust Bank way back in 2004. Recently we...

Ash Wednesday 0

Ash Wednesday

Ash Wednesday, the religious day happened in February but for many a investor / trader, its today that holds more importance given the double dhamaka we have witnessed. The move yesterday to demonetize 500 / 1000 Rupee notes while not essentially not something that was totally unexpected (from Ramdev to Subramanian Swamy among others have long called for it), but...