Professor Finance @SPJIMR. Learning, teaching, reading and writing about financial markets, economics, policies & governance.
Dec 28, 2020 • 10 tweets • 2 min read
1/n Long thread: Analysts at times use macro terms like consumption, savings and investments in an everyday sense. But these terms imply very different things when seen through a macro rather than household lens. This very long note describes how & why ananthindianmarkets.blogspot.com/2020/12/everyd…2/n Am not a trained economist, so I ran this note past a few experts. Thanks to many for the responses/ edits. There are admittedly many disagreements, but also overall endorsements from some strong & credible voices. Here are some takeaways from the note, open for debate.
Mar 8, 2020 • 5 tweets • 2 min read
1/5: My 2-bits, #YesBank is not about Public Sector vs Private Sector conduct. Governance issues are ownership neutral – the whole financial ecosystem needs better risk management & disclosures, auditors, boards, CRAs, supervision.
2/5: #YesBank doesn’t take away the need for PSB reform. PSBs have 12.7% GNPA Sep19. GOI has infused INR 3.5 lakh cr capital in PSBs the last few years. Reforms such as P J Nayak are required to get babus and netas out of day-to-day banking, and give PSBs professional autonomy.
