Change creates opportunity: Landmark reforms in the Indian Banking sector
Whilst I wasn't there, I am told that they were heady days in Government in the early 1980's in Australia.The head of Treasury spoke wistfully in our graduate speech about the comprehensive reform agenda they were encouraged to put forward to the Hawke/Keating government in the early 1980's. Arguably that provided the platform for the 96 quarter expansion we continue to live in. Compare that to today and, well, the less said the better. It may come as a surprise to some investors that there is a country embarking, or attempting to embark, on a similar journey. The changes in India under the Modi government continue apace, with this week a focus on Banking reform. A sweeping series of reforms and re-capitalisations were announced. We believe these, if full enacted, could have profound changes to the sector and the value of the shares in the sector. Our blog this week gives readers an introduction to the changes and what it could mean. For the full blog please read (VIEW LINK)
Chad co-founded Morphic Asset Management in 2012. As a stock picker Chad is also a generalist but has strong regional knowledge of Europe and the Americas. He has also been awarded the CFA Charter.