Airtel Knows Its Customers, but Lending Them Money Is Another Matter

Airtel has data, subscribers, and an NBFC licence. What it lacks is the kind of credit discipline that separates a lender from a company that once distributed loans.

Krishnadevan V

March 6, 2026 at 8:04 AM IST

iStock.com

India’s Bond Market Puzzle: The Missing Market Makers

India’s bond market lacks depth because trading remains thin. Unless natural players like the banks take a larger role in government and corporate debt, liquidity and benchmarks will remain weak.

Rahul Ghosh

March 6, 2026 at 7:47 AM IST

iStock.com

Supervising the System: RBI’s Quiet Governance Reset

As finance turns digital and interlinked, the RBI is redesigning supervision by shifting from balance-sheet checks to ecosystem-wide governance architecture.

Abhishek Dey

March 5, 2026 at 5:23 AM IST

Listing, Legacy and Leverage at Tata Sons

An RBI rule has turned a chairmanship extension into a deeper contest over control, stewardship and the future architecture of India’s most influential conglomerate.

R. Gurumurthy

February 25, 2026 at 11:36 AM IST

tata.com

India’s Truck Boom Is Really an Old Fleet Replacement Story

India's truck recovery looks more V-shaped on the sales charts than on the profit and loss account.

Krishnadevan V

February 24, 2026 at 9:40 AM IST

Why India’s Working Capital Is Still Stuck on Paper

India has the rails to modernise working capital. Linking invoices with payments can cut fraud, sharpen pricing and improve credit flow.

BL Chandak

February 24, 2026 at 5:24 AM IST

iStock.com

RBI Wants M&A Deals Funded by Cash Flow, Not Pledged Shares

RBI tightens pledge-backed takeover funding while opening bank-led acquisition loans, shifting Indian M&A toward cash-flow strength and real equity.

Krishnadevan V

February 18, 2026 at 11:14 AM IST

iStock.com

RBI Issues Draft Norms to Curb Mis-selling, Ban Dark Patterns, Forced Bundling by Regulated Entities

BasisPoint Insight

February 11, 2026 at 3:54 PM IST

PFC to Merge REC with Itself, exit PTC India to create mega power NBFC

BasisPoint Insight

February 6, 2026 at 3:41 PM IST

Budget 2026

A Quiet Budget Signal That Could Wake India’s Corporate Bond Market

A low-key Budget proposal on total return swaps could transform India’s corporate bond market if regulators align infrastructure, liquidity and risk appetite in time.

Karan Mehrishi

February 5, 2026 at 8:20 AM IST

Banking Cannot Be Treated as Another Asset Class

Private equity supplies capital, not conscience, and banking regulation cannot rest on market optimism.

Srinath Sridharan

February 3, 2026 at 2:27 AM IST

India–US trade deal seen triggering multi-asset relief rally, Emkay says

BasisPoint Insight

February 3, 2026 at 1:24 AM IST

When Disclosure Meets Discipline: Recasting India’s Financial Regulatory Architecture

As India’s markets mature, the distinction between a disclosure-driven regulator and a prudential guardian reveals both strength and strain in our governance model. An introspective analysis shows that the predicaments of financial supervision demand not just transparency and buffers, but an integrated approach to systemic risk.

Srinath Sridharan

January 28, 2026 at 1:13 PM IST

Indian Banks’ Profitability And Margins To Improve In 2026–27: India Ratings

BasisPoint Insight

January 16, 2026 at 10:50 AM IST

Reading RBI’s Stability Report Without the Rose Tint

Read past the prose in the RBI’s Financial Stability Report and the data tell a different story on stress tests, bond yields, NBFC risks and fiscal constraints.

R. Gurumurthy

January 5, 2026 at 2:25 AM IST

iStock.com

NBFC Stability is About Models and Culture, Not Just Money

India’s NBFC strains are less about funding lines and more about flawed business models and weak risk culture. Fix those, and liquidity will follow.

Rahul Ghosh

December 26, 2025 at 3:18 AM IST

iStock.com

Malhotra: RBI Regulation Seeks Middle Path Between Stability and Innovation

BasisPoint Insight

November 20, 2025 at 2:39 PM IST

SEBI Wants to Wake Up India’s Sleeping Public Issue Bond Market

Can SEBI’s incentives revive India’s quiet public bond market? Will retail investors return if bonds feel safer, simpler—and just a bit more rewarding?

Venkatakrishnan Srinivasan

November 3, 2025 at 7:30 AM IST

iStock.com

Private Credit Is Completing India’s Financial Architecture

Private credit funds are fast becoming India’s third pillar of capital—flexible, disciplined, and the quiet architects of its next growth cycle.

Chandrika Soyantar

October 30, 2025 at 6:32 AM IST

Konkan Railway/WikiCommons

RBI Sitting on 100 bps of Policy Space

If inflation stays near 2.5% and growth around 6.7%, the Taylor rule implies nearly 100 basis points of policy space for the RBI to cut rates.

Barendra Kumar Bhoi

October 24, 2025 at 8:43 AM IST

Riding Giants: How India May Catch the Next Big FDI Swell

Trump’s tariffs may unleash a new FDI swell, with reforms, startups and geopolitics aligning as India readies to ride the next big wave.

Michael Debabrata Patra

October 15, 2025 at 3:34 AM IST

iStock.com

Inside RBI’s Basel III Credit Risk Overhaul

RBI’s alignment to Basel-III capital requirement norms will free up more money to be lent to MSMSEs and NBFCs.

Rahul Ghosh

October 13, 2025 at 8:37 AM IST

RBI

Policy Flip On NBFC Rules Adds To Confounding Incrementalism

The rollback of NBFC lending curbs exposes deeper anxieties over rupee stability and structural economic frailties.

Dhananjay Sinha

February 28, 2025 at 4:13 AM IST

Reduction In Risk Weights — A Timely Step But Watch For Risks

The RBI’s rollback of risk-weight curbs aims to revive growth but raises concerns about rising NPAs in microfinance.

Sachin Malhotra

February 27, 2025 at 1:55 PM IST

Budget 2026

RBI

The Bureau