The employee welfare trust benefited senior management with preferential deals that weren’t given to other shareholders.
Indian equity managers were reckless to pile into thinly traded shares. Brace for worse if investors run for the exits.
IL&FS must be dismembered to preserve its useful assets.
The RBI chose to hold its policy interest rate at 6.5 percent, delaying the much-debated quarter-percentage-point increase.
Almost 150 years later, Walter Bagehot’s advice on how to deal with a liquidity crisis still rings true.
Essar Steel’s debts may be settled before it’s sold.
Now a government-directed IL&FS board must clean up the shadow lender’s mess.
The country’s top court cut companies’ access to the Aadhaar biometric database. That’s a problem.
IL&FS faces dismemberment as shareholders meet to thrash out a rescue.
Regulators should bail out the shadow lender, then make sure the contagion is curbed.
Oh Yes, You Lost Your CEO – for the Greater Good
Three into one gives Bank of Baroda an opportunity to innovate.
India is marking the 10th anniversary of the 2008 global financial crisis with its own mini-Lehman moment.
IL&FS has extracted a heavy toll by playing on the nation’s desperation for infrastructure.
It was supposed to be a play in three acts.
India should welcome rather than delay hard-currency offers like this.
It’s absurd to blame former RBI Governor Rajan for the consequences of demonetisation.
Demonetisation: RBI’s annual report showed that 99.3 percent of the banknotes were returned, embarrassing the current government.
Malaysia’s Mahathir’s moody crackdown on China is suspending deals between the two countries.
Creditors and debtors struggle on before the bankruptcy whistle that means everybody loses.
China’s Deposit-Hungry Banks Start to Get Fancy