India

The Indian mutual fund industry has been going through turmoil in the last few years due to uncertain market conditions and regulatory changes. Many firms, predominantly foreign ones, have exited the industry since 2008.

Rupee completed its biggest weekly gain since October 2009 amidst optimism over increasing dollar supply. The INR closed at Rs. 63.50 against the USD. Equity markets traded with a cautious note ahead of the US Fed meet scheduled on 18th September 2013.

Will use it as loans to SMEs.

Bonanza to be followed by a second tranche in early 2014.

Part of move to deepen its financial markets.

Indian banks are staring at the prospect of an increase in non-performing assets, mainly due to their large exposure to infrastructure sector.  Infra sector has been affected by govt. policies (effects most visible in power sector) and the general economic slowdown, which has resulted in lower demand across-the-board. 

In 1973, Fisher Black, Myron Scholes and separately Robert Merton derived the Black-Scholes-Merton (BSM) model, which was rewarded the Nobel Prize in 1997. Despite its limitations, the model has survived until today as the dominant pricing model for standard and exotic European style options.

Part of liberalized rules on entry of foreign banks.

Will launch first offshore rupee bond program.

Asks that special windows for ensuring finance be created.

Wants to have 74 branches by FY 2014.

Intend to stimulate demand for consumer items.

Will they ever get out of this problematic hole?

Applications currently being screened.

Will be first woman CEO of India’s largest lender.

Presents government with a massive problem.