Infrastructure Leasing and Financial Services or IL&FS serves as a holding company and is at the core of several infrastructure and finance themed subsidiaries. It was founded in 1987 and was funded with equity from the Unit Trust of India, Central Bank of India and HDFC. Over the years, several…
When we talk about the cyclicality of different assets, the first thing that comes to mind is equity. Everyone knows that metals, automobiles, and financials may have up-cycles and down-cycles, but what if I told you there is a cyclical aspect to fixed income? In this blog, we explore the…
Lakshmi Vilas Bank was founded in 1926. After 94 years of operation, it was placed under a moratorium in 2020 and was subsequently merged with the Indian subsidiary of DBS Bank. In this blog, we explore this journey. Origin Lakshmi Vilas Bank was incorporated in 1926 by a group of…
The federal reserve released the conclusion of their July 2021 meeting on the 28th of July. In this month’s note, we will be exploring their decision and its implications. The federal reserve had its fifth FOMC meeting of the year to discuss monetary policy last week. The outcomes were neither…
In this month’s fixed income note, we are going to be looking at one of the most significant events that happened in recent times. The ‘Taper Tantrum’ as it is popularly referred to is what happened when the federal reserve ‘tapered’ or slowed down in their quantitative easing. Let us…
What happens when a borrower runs out of all options and is on the verge of financial collapse? Nobody wants to bail them out. Their only hope is a ‘Lender of last resort. Usually, the lender of last resort s a Central Bank. Rana Kapoor, the co-founder of Yes Bank…