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“The move to allow promoters to hold 26% of the paid-up voting equity share capital of the bank seems to be a way of turning the exception allowed to Kotak Mahindra Bank into a policy decision, uniform to all banks,” said independent banking analyst Hemindra Hazari. “In my view, this would undermine the credibility of RBI as it has allowed independent private banks to arm-twist the regulatory body."
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Podcast with The Core on Bank Credit Growth at a Dead End
Podcast with The Core on Expected Slowdown in Bank Credit from 10:39
Credit Growth at a Dead End
It is a commonplace that banks are a proxy for the economy. When the economy does poorly, one would expect banks to do poorly,...
Pledge agreements show Adani Green could have breached loan covenants
To read the entire article (paywall) please click here
Hemindra Hazari, a banking analyst, adds that “after that story should have gone and told...
Indian Billionaire Adani Down Again, But Not Out
By Bhuvan BAGGA November 22, 2024
Read article here
Axis Capital Reports Shares of Illiquid Unlisted Firm as ‘Held for Trading’
India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), on September 19, 2024 passed an interim order on Axis Capital (a...