This page is a living index of every PDF, article, and book that has come up in the Finance Enthusiasts WhatsApp group over the last 18 months. Where the source is public (FT, WSJ, SSRN, Mint, Econlib), we link to it. Where it’s Prof. Tantri’s own working notes from his INFS or FCRV courses, we don’t host the file — it’s class material, and the right way to get it is to take the course or ask him.
Items shared by Tantri himself are marked with a ★. Otherwise, the contributor is named.
Tantri’s own class notes
These are the working draft chapters and class notes Tantri has shared into the group as he’s iterated on the INFS (Indian Financial System) and FCRV (corporate finance) courses across the Hyderabad and Mohali campuses. They are unpublished. We list them here so you know what exists.
INFS — Indian Financial System (Mohali, 2025)
| Date | Note | Pages |
|---|---|---|
| Mar 2, 2025 | ★ Chapter 1 — Introduction | 9 |
| Mar 3, 2025 | ★ Chapter 2 — Economy in the Long Run | 8 |
| Mar 4, 2025 | ★ Chapter 3 — Economy in the Short Run | 5 |
| Mar 9, 2025 | ★ Chapter 3 — Economy in the Short Run (rev.) | 9 |
| Mar 9, 2025 | ★ Chapter 4 — The Monetary System | 6 |
| Mar 11, 2025 | ★ Chapter 4 — The Monetary System (rev.) | 8 |
| Mar 14, 2025 | ★ Chapter 5 — The Monetary Policy: Mechanics | 4 |
| Mar 14, 2025 | ★ Chapter 6 — The Monetary Policy: Economics | 6 |
| Mar 18, 2025 | ★ Chapter 6 — The Monetary Policy: Economics (rev.) | 15 |
| Mar 18, 2025 | ★ Chapter 7 — Understanding Post-COVID Landscape | 8 |
| Mar 20–21, 2025 | ★ Chapter 8 — Understanding Forex Markets (three iterations) | 4–6 |
| Mar 21, 2025 | ★ All Sessions — combined INFS Mohali notes | 56 |
| Mar 22, 2025 | ★ Chapter 9 — Financial Intermediation, Mohali 2025 | 27 |
INFS — Indian Financial System (Mohali, 2026)
| Date | Note |
|---|---|
| Feb 27, 2026 | ★ Class 1 Notes |
| Mar 3, 2026 | ★ Class 2 |
| Mar 5, 2026 | ★ Class 3 |
| Mar 24, 2026 | ★ Chapter 4 — Basics of Macro |
| Mar 24, 2026 | ★ Note 5 — Economy in the Short Run |
| Mar 24, 2026 | ★ Note 6 — Indian Monetary System |
| Mar 24, 2026 | ★ Class 7 — Monetary Policy Economics |
INFS — Hyderabad (2025–26 cohort)
| Date | Note |
|---|---|
| Dec 27, 2025 | ★ INFS — composite note |
| Jan 18, 2026 | ★ Close notes 6 |
| Jan 18, 2026 | ★ Close notes 7 — Economics Behind RBI Action |
FCRV — Financing, Capital Raising & Valuation (2025)
| Date | Note |
|---|---|
| Mar 21, 2025 | ★ FCRV — Mid-Term Final |
| Mar 21, 2025 | ★ FCRV — End-Term Version 1 (early draft) |
| Jun 5, 2025 | ★ FCRV Session 2 |
| Jun 10, 2025 | ★ FCRV Notes — June 10, 2025 |
| Jul 7, 2025 | ★ FCRV — End-Term v1 |
Background reading he sent during INFS Co25
These came up during the September–October 2024 banking and monetary policy sessions in Hyderabad. Some are Tantri’s own working papers, others are foundational papers he wanted students to engage with.
| Date | Paper | Pages |
|---|---|---|
| Sep 24, 2024 | ★ Financial Accelerator — background on banking-credit channel | 83 |
| Sep 24, 2024 | ★ Bank Cleanups | 45 |
| Sep 26, 2024 | ★ Fear of Fire Sales | 35 |
| Sep 27, 2024 | ★ Board Conduct in Banks | 30 |
| Sep 28, 2024 | ★ Patra et al. — RBI working paper | 9 |
| Sep 30, 2024 | ★ Tantri (2024) — How Does a Health Insurance Program Covering 500 Million Poor Impact Credit Market Outcomes? (Management Science — the PMJAY paper) | 20 |
| Sep 30, 2024 | ★ Contract Labor and Monetary Policy Transmission | 14 |
| Oct 1, 2024 | ★ Boys Will Be Boys (classic Barber–Odean on overconfidence in trading) | 32 |
| Apr 15, 2025 | ★ Robo Advisory (Prabhala et al.) | 38 |
| May 29, 2025 | ★ Tantri’s fintech paper — first draft (savings transactions for credit scoring — see our writeup) | 72 |
To get the latest versions: take the course, or write to him directly. Some of these have been reworked into Mint columns — those are publicly available.
Tantri’s published writing
These are pieces he wrote up from the INFS notes and that ran in Mint and other outlets. Where we have a tidy version on this site, we link to it.
| Date | Piece | Where |
|---|---|---|
| Apr 1, 2026 | The rupee’s depreciation is neither unusual nor indicative of great stress | Mint — our reproduction |
| Sep 5, 2025 | Clarifying the narrative on GST cuts | WhatsApp essay — our reproduction |
| Mar 10, 2025 | ★ Presentation to the PMO (73 pages — internal) | — |
Articles he sent us to read
Public articles Tantri specifically shared with the group. These are the pieces he thought we should actually read, sometimes with annotations.
Macro & monetary policy
- ★ “Keynesian Economics” — Econlib explainer (Oct 19, 2025)
- ★ “Javier Milei loosens his grip on the peso” — The Economist (Dec 26, 2025)
- ★ “Japan’s big-spending Takaichinomics is ten years out of date” — The Economist (Dec 26, 2025)
- ★ “The Bank of Japan Raised Rates. Here’s Why You Should Care.” — Wall Street Journal (Dec 26, 2025)
- ★ “Japan’s bond-market tremble reflects a fiscal-monetary clash” — The Economist (Jan 25, 2026)
India: rupee, MSMEs, banking
- ★ “Why a weaker rupee is riskier than it appears for Indian borrowers” — Mint / (Jan 14, 2026)
- ★ “Collateral-free lending may widen risks for banks before helping MSMEs” — (Mar 25, 2026)
- Yash Tambi: “How India’s middle-class debt crisis is threatening growth” — Financial Times (Apr 17, 2025)
Government & PIB
- ★ Press Information Bureau release (Feb 13, 2026) — context: post-INFS exam discussion
Academic papers
Heavier reads — research papers Tantri shared, usually as the basis for a class discussion. All of these are publicly available on author websites or SSRN.
| Year | Paper | Why it came up |
|---|---|---|
| 1995 | ★ Petersen — “The Effect of Credit Market Competition on Lending Relationships” | Came up Feb 27, 2025 alongside an RBI press release on relationship lending |
| 2025 | ★ Gormsen & Huber — “Corporate Discount Rates” | Shared Jun 5, 2025 with the corp-fin notes |
| 2025 | ★ Guenzel — “In Too Deep: The Effect of Sunk Costs on Corporate Investment” (Journal of Finance) | Shared Jun 10 with: “this shows that CEOs decision to divest a unit depends heavily on at what price they bought the unit several years ago” |
| 2025 | Harsh: Goldin (2025) | Shared Nov 10 with companion gold price data |
| 2025 | MK: SSRN-4590406 (89 pages) | Shared Feb 6, 2026 around the PFC–REC merger announcement |
| — | MK: Final Durables Consumption Paper (78 pages) | Shared Nov 25, 2025 — Tantri called it “a good summary of short term macro” |
| — | MK: 58.1.1-17 (17 pages) | Shared Feb 22, 2026 |
Books
| Date | Book | Shared by |
|---|---|---|
| Sep 10, 2024 | Ray Dalio — Power Index Appendix (186 pages) | Pooja |
| Feb 27, 2026 | Niall Ferguson — The Ascent of Money: A Financial History | MK — also shared a 4-page takeaways summary |
Tantri’s recommended reading challenge from March 25, 2026:
“Lets start a book every quarter challenge. Lets start with the Ascent of Money followed by the House of Debt.”
Reports & one-offs
Things that came up once but are useful in context.
Budgets, surveys, official reports
- Budget 2025-26 (16 pages) — Meghna Biju, Budget Day 2025
- Economic Survey 2025-26 (739 pages) — Jan 30, 2026
- HCES SBI Report (Jan 2025) — household consumption expenditure summary, Sai Srinath, Jan 6, 2025
Industry & strategy reports
- Kotak Strategy report — October 23, 2025 (11 pages) — Prashanth Kamath
- Perplexity Macro Dashboard — Aug 2025 (4 pages) — Bharat
- AU Bank’s Big Step (14 pages) — Priyanshu, Sep 26, 2024
- India Real Estate Residential & Office Market H1 2024 (70 pages) — Priyanshu
- Inflation Expectations (7 pages) — Bharat, Nov 30, 2024
- 2023 CFA L2 — Econ / Exchange Rates — Sakshi Bobade, Dec 18, 2024
- Fintechs in India (44 pages) — MK, Mar 23, 2025
- Dr Ashima Goyal — Sept 28 session (8 pages of notes from her INFS Co25 visit)
- Maruti Q2 FY25 report (541 pages) — Yash Tambi, Oct 30, 2024
- CCSJUL2024 … (5 pages) — Priyanshu, Oct 1, 2024 (RBI circular)
- sr1126 (97 pages) — Anand, Oct 15, 2024
- Muddy Waters — MROs Financial Manipulations (64 pages) — Prashanth Kamath, Jan 18, 2025
- “Checklist for measuring sustainable value creation” (3 pages) — Priyanshu, Jan 10, 2025
- “AI hurtles ahead” (12 pages) — Prashanth Kamath, Mar 5, 2026
- RLI vs AI (31 pages) — Harsh, Feb 15, 2026, alongside a YouTube companion
- Tantri Times Rirekisho — MK, Jul 2, 2025 (in-joke)
Want to add something?
If you’ve come across a paper, article, or book that belongs here, or if you want to flag that one of the public links above is dead — open an issue or PR on the GitHub repo. Be specific about which row you’re suggesting a change to.