Guest Essays
Because the rational absurdity of banking deserves more than one witness.
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Financialization of Housing in India – Boon or Bane?
India faces a peculiar situation where homes lie vacant and held as a form of speculation whilst housing is not available to the needy. Financialisation has led to overvaluation of…
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If BNPL (Buy Now Pay Later), then why not PNBL?
We have seen phenomenal growth in the BNPL (Buy Now Pay Later) segment in recent past, why not also have PNBL – Pay Now Buy Later. Kartik Swaminathan explains
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How many Credit Covenants are necessary in a Sanction Letter?
While there are no set parameters on how many credit covenants should be there in a Sanction Letter, one has to keep in mind that ratios tend be inter-linked. One…
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Loan Agreements: A contract between unequals!
Bank Loan agreement had been written ages ago. There are innumerable archaic clauses that may be unjustifiably invoked, without assigning any reasons under the guise of ‘early warning signals’. This…