Will Rate Cut Cure the Mayhem Caused by Banks and NBFCs?
The euphoria created by the surprise cut in the corporate tax rate faded this week. Concerns about the health of the financial sector shook the stock market. The turmoil in the financial sector erased all the gains made by several companies. Mayhem in Yes bank, Lakshmi Vilas Bank and India bulls Housing Finance roiled the markets this week. Then came RBI’s 25 basis points rate cut, which did not help revive the sentiments. In this episode, we talk about what lies ahead for the Indian economy. Then we get to the other headlines including, US-China trade worries, government’s divestment plans, automobile sales and more. Tune in...