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Banking

1
Banking

Yes Bank’s bond write-down can damage capital-starved India’s creditworthiness. Do a rethink.

RBI’s proposed write-down of Yes Bank’s perpetual bonds has grave implications for India’s ailing financial system. The country can’t be seen as indifferent to creditor obligations. It couldn’t have come at a worse time — just when India is making efforts to quickly expand its small bond market and tap international debt markets through a larger presence in global bond indices.

headset AUDIO SUMMARY . 01:56
Banking

Yes Bank’s bond write-down can damage capital-starved India’s creditworthiness. Do a rethink.

RBI’s proposed write-down of Yes Bank’s perpetual bonds has grave implications for India’s ailing financial system. The country can’t be seen as indifferent to creditor obligations. It couldn’t have come at a worse time — just when India is making efforts to quickly expand its small bond market and tap international debt markets through a larger presence in global bond indices.

headset AUDIO SUMMARY . 01:56
Banking

IndusInd Bank has a long list of woes. Can its new CEO regain the market’s lost trust?

The IndusInd Bank stock has underperformed the Bank Nifty since August 2018. Blame NPA divergence following RBI’s asset-quality review and its exposure to IL&FS, telecom, commercial-vehicle loan, real estate, microfinance, etc. Sumant Kathpalia, who takes charge on March 24, must focus on low-cost liabilities and less-risky lending to get a fix on the downfall.

headset AUDIO SUMMARY . 01:37
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