ICICI Bank: Time for a Bit of Cockroach Theory
What explains analysts’ recurring optimism that they have seen the last cockroach, and there are no more to be found? ICICI Bank’s quarter ended...
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India's 7th Rate Cut, HDFC's Defiant Loan Growth
India has cut interest rates again. The successive multiple rate cuts suggest to us that all is not well in the India economy. There will be...
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Spoke in the Merry-Go-Round?
On July 27, 2017, the Reserve Bank of India (RBI), the banking regulator, probably responding to the significant underreporting of non-performing...
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EM Financials: Closing the Underweight - EM Funds Put Some Faith Back into Chinese Banks.
In this report, we highlight how the long running underweight in EM financial stocks has narrowed from a low of -4% in late 2013 to today's level...
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Chickens Abroad Come Home to Roost
The surge in non-performing assets (NPAs) in the Indian banking industry disguises a lesser known issue of a larger percentage surge in bad loans...
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