“In the last two and a half years, the world has witnessed two major shocks– the Covid-19 pandemic and the conflict in Ukraine. These shocks have produced profound impact on the global economy. As if that was not enough, now we are in the midst of a third major shock -a storm -arising from aggressive monetary policy actions and even more aggressive communication from advanced economy central banks like the US Fed,” Das said in his policy address.
ET Explainer: Internal trades & a hedge too far
IndusInd Bank has reported discrepancies in its derivatives portfolio related to transactions spanning the last 7-8 years. These issues arose from internal trades involving low-liquidity
March 12, 2025