Aal izz 'Well'

While all of us get our best behaved selves on the shelf for the most crucial time of the year, the Wells Fargo Bank deprives CEO of the annual cash bonus [no, no sacrifice], this is for a whooping about $10 million in stock [disclosed in a securities filing clarified to be a target and could rise or fall based on the bank's performance] as an incentive to stay at the bank amid ‘heavy recruiting’ by rivals. Half the tune was also directed towards 3 other top execs, though locked for 3 years and forfeiting for the ones who bid goodbye sooner. FYI, stock price of the Bank have fallen about 8% this year.

Please don’t expect this to be about the heated debate since the financial crisis for the American banks that received government assistance during the economic downturn.

While most of WF’s “Colonial Cousins” here in India are still a quarter away for their employees to be ‘appreciated’, the scene looks favorable at least cues industry dynamics. Yes, despite, Credit Growth picking up, interest rates seem likely to remain stable per views from RBI’s Half-brother.

While the lending rates might move upwards depending on verdict from Country’s the Central Bank on Jan 29 considering inflationary pressures and a few bps CRR hikes very well expected, the sector still expects to see rise in lending volumes as the world economy revives with a positive outlooks towards India and NPA’s managed well YTD.

Although Horizon sees a need to adopt stronger fiscal steps than merely moderating liquidity stimulus to tackle inflation and correct supply side liquidity issues, Banks in India are a happy place [at least for the Engineer-MBAs stationed with them].

Disclaimer: Author does not [read: lacks enough liquidity to] hold any personal positions in any of the names in the said sector.

P.S: Excuse above as an occupational hazard!