Teaching note for product 9B19N020.

The Indian banking sector had undergone significant changes since 1991 when it was transformed from a highly regulated, predominantly state-owned industry to a more competitive industry with a sizeable presence of private sector banks. However, by 2017, despite reforms implemented by the government, the sector was facing many challenges. The most worrisome problem was an increasing number of non-performing assets (NPAs), particularly among the state-owned .....more

In December 2015, the new government in Argentina lifted capital controls, leading to a sudden drop in the value of the Argentine peso. This depreciation of the peso had the potential to significantly affect companies that exported goods to Argentina. One such company was Bajaj Auto Limited (Bajaj Auto), an Indian exporter of motorcycles to Argentina. On December 18, 2015, Bajaj Auto’s shares dropped 2.43 per cent and lost over US$212 million in market .....more

Teaching note for product 9B19N010.

The U.S. Federal Reserve System's decision to taper its quantitative easing program triggered large capital outflows from India, and the rupee depreciated by 13.7 per cent from June to August of 2013. Firms dependent on imports complained of rising costs, but exporters stood to benefit from the depreciation. On a macro level, economic growth dropped and inflation remained high, raising concerns that the much-touted “India growth story” was over. .....more

Teaching note for product 9B15N026.