Indian banking is passing through a difficult phase of twin balance sheet problem and depleting capital base. As defined by the IMF in its Global Financial Stability Report, October 2017, Indian banking is placed on a par with the leveraged banking system of PIIGS (Portugal, Italy, Ireland,...

Recent devaluation of Chinese yuan has threatened the stability of global financial system and has invited unwarranted currency war. China is India's largest goods trading partner and India has a whopping trade deficit (US$49 bn in FY15) with China on account of rising imports and dismal...