When a Conflict in the Strait of Hormuz Shows Up in a Ludhiana Loan Account
Freight costs rise in the Red Sea, and a few months later a working capital account a thousand miles inland starts running late. What the latest MSME credit data says about West Asia, working capital stress, and the next two quarters of stressed assets.
Building Sustainable Resolution Frameworks
India’s gross NPAs for scheduled commercial banks hit 2.15% in September 2025, a historic low. The financial press covered it as it deserved; everyone got a good story for the year. What got less attention, because clean balance sheets make for better headlines than what comes after them, is the harder question: what comes next?