Opinion: India Needs to Stop the IL&FS Rot From Spreading

Opinion: India Needs to Stop the IL&FS Rot From Spreading

Andy Mukherjee | Bloomberg | Tuesday September 25, 2018

It's important for the Reserve Bank of India to join forces with the Securities and Exchange Board of India to deal with the fallout. Their urgent first step must be an emergency bailout of IL&FS, before it does more harm.

Opinion: In IL&FS, Story Of India's Own Belt-and-Road Debt Fiasco

Opinion: In IL&FS, Story Of India's Own Belt-and-Road Debt Fiasco

Andy Mukherjee | Bloomberg | Tuesday September 18, 2018

IL&FS and its associates have $12.5 billion in debt, of which $500 million is due over the next six months.

Opinion: This Debt-Hit Group Is Behind India's Own Mini-Lehman Moment

Opinion: This Debt-Hit Group Is Behind India's Own Mini-Lehman Moment

Andy Mukherjee | Bloomberg | Thursday September 13, 2018

Repugnant as the idea may be to taxpayers, socializing losses is often the only way to avoid panic from spreading.

Opinion: By A 99.3 Per Cent Verdict, Demonetisation Was a Farce

Opinion: By A 99.3 Per Cent Verdict, Demonetisation Was a Farce

Andy Mukherjee | Bloomberg | Friday August 31, 2018

In the chaotic final months of 2016, angry citizens were slamming the Reserve Bank of India by calling it the "Reverse Bank." It's taken Governor Urjit Patel, who had only recently stepped into the top job, almost two years to reassert his authority and reestablish the institution's credibility with a couple of notable successes just this week.

Opinion: Amazon's Real Rival In India Isn't Walmart, It's Mukesh Ambani

Opinion: Amazon's Real Rival In India Isn't Walmart, It's Mukesh Ambani

Andy Mukherjee, Bloomberg Opinion | Thursday August 16, 2018

India is pegged to be a $1 trillion digital economy by 2025, and Bezos, Ambani, and Walmart-Flipkart all want a piece of the action.

Opinion: IDBI Deal Is Money Down The Drain For Life Insurance Corporation

Opinion: IDBI Deal Is Money Down The Drain For Life Insurance Corporation

Andy Mukherjee, Bloomberg Opinion | Tuesday June 26, 2018

If LIC cares about its fiduciary responsibility to policyholders, it will pass this one up. But then, it can never say no to New Delhi. LIC already owns about 11 percent of IDBI, thanks to its previous participation in rescue missions.

Opinion: Chanda Kocchar's Gone; Unlike Elvis, She Won't Be Missed

Opinion: Chanda Kocchar's Gone; Unlike Elvis, She Won't Be Missed

Andy Mukherjee | Bloomberg | Tuesday June 19, 2018

Chanda Kochhar, the chief executive officer of India's second-biggest lender, has left the building, and her new deputy should waste no time in letting stakeholders know who the real boss is: It's him.

Opinion: Bad Bank Politically Expedient Before 2019 Polls, But A Bad Idea

Opinion: Bad Bank Politically Expedient Before 2019 Polls, But A Bad Idea

Andy Mukherjee, Bloomberg Opinion | Tuesday June 12, 2018

The proposal to set up a bad bank looked senseless even when it was first mooted in early 2016. It looked downright silly when the finance ministry floated the idea of raiding the central bank's reserves to run the rehab clinic for toxic debt.

Opinion: Fraud-Hit Fortis Must Hand 4 Directors A Pink Slip

Opinion: Fraud-Hit Fortis Must Hand 4 Directors A Pink Slip

Andy Mukherjee | Bloomberg | Monday May 21, 2018

Fortis Healthcare Ltd. has to admit a new owner to keep the lights on. Before it does, though, India's second-largest hospital chain must write four of its board members a discharge slip.

Opinion: Take Rest PNB, You've Done Enough

Opinion: Take Rest PNB, You've Done Enough

Andy Mukherjee | Bloomberg | Wednesday May 16, 2018

Other than the embarrassment of asking the country's second-largest state-run lender to, well, stop lending, there's no other reason why India should allow Punjab National Bank to advance even one rupee to anybody except the government.

Opinion: India's Latest Power Debacle Is Enron Times 20

Opinion: India's Latest Power Debacle Is Enron Times 20

Andy Mukherjee | Bloomberg | Tuesday May 15, 2018

Enron Corp. is long gone, but the scandal it left behind in India has beguiled the country's lenders for almost two decades.

Opinion: Somebody Should Send Axis Bank's Board a Thank-You Note

Opinion: Somebody Should Send Axis Bank's Board a Thank-You Note

Andy Mukherjee, Bloomberg Gadfly | Wednesday April 11, 2018

Axis Bank's board, which should have spent at least the past year looking for new leadership, now wants permission to cling on to Shikha Sharma until December; apparently it can't find a replacement by end of May.

Opinion: Uber's India Doom Is Written In The (Selfies With) Stars: Gadfly

Opinion: Uber's India Doom Is Written In The (Selfies With) Stars: Gadfly

Andy Mukherjee, Bloomberg Gadfly | Monday March 26, 2018

Bollywood actor Shahrukh Khan is the new Taj Mahal.

Opinion: What Mukesh Ambani Is Doing With Jio Isn't Rocket Science

Opinion: What Mukesh Ambani Is Doing With Jio Isn't Rocket Science

Andy Mukherjee, Bloomberg Gadfly | Tuesday March 20, 2018

India's telecom industry is in turmoil, and depending on whom you ask, one man deserves all the credit or all the blame.

Opinion: Shame On You Crazy Diamond Bankers. PNB Was No Lone Wolf

Opinion: Shame On You Crazy Diamond Bankers. PNB Was No Lone Wolf

Andy Mukherjee, Bloomberg Gadfly | Thursday February 22, 2018

It's disingenuous to think that India's biggest banking fraud was just one bent officer in a bumbling state-run lender enriching an uncle-nephew pair of greedy diamond merchants. That's the spin Punjab National Bank is trying to put on the $1.8 billion scam that went on for seven years.