Monthly Archives: June 2019

Credit Rating

New SEBI norms could bring a big shift in credit ratings business For a long time, the credit raters have been in the news for the wrong reasons; both in India and abroad. In India, the issue first came up back during Lehman crisis but Indian rating agencies really came under fire for downgrading Amtek…

Macro Cues

Inflation and IIP growth a positive; Trade deficit widens It was a week of key macro data announcements. The week saw key data points being announced on inflation (both retail and wholesale), IIP growth and the trade data. There are some interesting signals coming from data. What’s the inflation message? CPI inflation has come under…

Side Pocketing

Why Mutual Fund side-pocketing is not taking off in India? In the aftermath of the crisis faced by debt funds holding bonds and CP of IL&FS and DHFL, the regulator decided to permit the side pocketing of debt funds. Here, the toxic assets in the fund will be hived off into a separate side pocket…