 "NBFCs, market")
It has been a rough ride for the financial markets in 2018; if ever there was an annus horribilis, this is it. From currency and trade wars to crude oil prices, an entirely home-grown mess in the form of the Infrastructure Leasing & Financial Services (IL&FS); and as a new year dawns, jitters on the political front.
If all of this was not bad enough, you had a spat between North Block and Mint Road which saw in its wake, the resignation of governor Urjit Patel. You name it, we had it.
Crude oil prices were the first slippery slope,
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