3-part series published in The Economic Weekly in the issues dated November 26, December 3, December 10, 1960 and a supplementary note in the issue dated February 18, 1961
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If the Bombay High Court favours the RBI in its judgement in this dispute, it would appear that the latter is empowered to invoke Section 46(1) on Uday Kotak, the CEO and Dipak Gupta, the joint managing director of the bank, as it has specifically used the word, “wilful” to describe the bank’s conduct.
Hemindra Hazari, Independent Analyst: It is unusual. It introduces a political dimension and political risk. Business, especially for banks which are highly leveraged and manage public monies, tend to get identified with parties if their promoters publicly support one party or another, so I feel they should publicly remain apolitical. Uday Kotak publicly backed Modi during demonetisation and now that BJP’s electoral prospects are looking doubtful, he is backing the Congress party.
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Is Yes Bank Providing Custodial Services to RInfra for Its Valuable Property?
A high-profile bank collapses on account of high-risk, bulky non-performing corporate loans. With the intervention of the Reserve Bank of India (RBI), the errant...
Karnataka Bank board showed who’s the boss
As Hemindra Hazari, a Sebi-registered independent research analyst, has pointed out in his report, “Bank boards have clear-cut policies on the approval powers of all...
Economist – Prof R Ramakumar’s Speech at Tarakeswar Chakraborti Memorial Lecture – 1
https://www.youtube.com/watch?v=l72vK9c1RFg
Hemindra Hazari Speech at Tarakeswar Chakraborti Memorial Lecture – 2
https://www.youtube.com/watch?v=eXiLiqh6tuo
Memorial Lecture Held on June 14, 2025, at the Walchand Hirachand Hall, Indian Merchants Chamber, Churchgate, Mumbai
DISCLOSURE
I, Hemindra Kishen Hazari, am a Securities and...
Official Trailer | The Great Indian Illusion | a Film By Varrun Sukhraj ।...
https://www.youtube.com/watch?v=nuJUMCz7yI8