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The commentary around money market & the NBFCs :
Teacher: Can anyone prove that a cat has 3 tails?
S: Any cat has more tails than no cat
T: Obviously
S: And no cat has 2 tails
T: Yes
S: So any cat must have 3 tails.
Moral: You can prove anything in life if you want to.
Teacher: Can anyone prove that a cat has 3 tails?
S: Any cat has more tails than no cat
T: Obviously
S: And no cat has 2 tails
T: Yes
S: So any cat must have 3 tails.
Moral: You can prove anything in life if you want to.
Even in the press conference what the @RBI was referring to was to avoid an ILFS kind of a situation. It wasn’t indicating anything negative - that is if anyone’s read the text. ALM mismatch would affect the small marginal players not the ones who are the leaders in the space.
When the marginal players get killed it gets easier for the leaders to take up market share. ALM mismatch for a company is not a default program it’s a matter of choice. Yesterday one HFC raised US$200 mn through ECB and threw the ALM mismatch whatever it was - out of the window.
