Hidden Derivative Losses Spook India Investors: Andy Mukherjee
Commentary by Andy Mukherjee

March 25 (Bloomberg) — Investors in Yes Bank Ltd., an Indian lender partly owned by Rabobank Groep NV of the Netherlands, have had a turbulent ride amid an unraveling of corporate India’s risky, leveraged bets on currency movements.Yes Bank shares have tumbled 42 percent this month, making it the worst performer among 18 banking stocks on Bombay Stock Exchange’s Bankex index. (more…)

March 3 (Bloomberg) — Indian Finance Minister Palaniappan Chidambaram’s annual budget is one part Robin Hood and another part Houdini. It’s hard to say which one is worse. (more…)

By Bradley Keoun

March 4 (Bloomberg) — Citigroup Inc. dropped to the lowest in nine years in New York trading after two analysts predicted a first-quarter loss and a Middle Eastern investment fund said the biggest U.S. bank needs more capital. (more…)