HDFC Bank has used ingenious ways to understate its profits under Indian provisioning rules for FY2000. Apparently the year ended with the bank being flush with profits and, therefore, management decided to use some of its FY2000 profits for future contingencies.
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What is the point of having research analysts and so many business journalists, if they are merely going to regurgitate management commentary to the public.
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Disclosures and Governance in Indian Banks
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Kotak Bank faces a succession challenge and a possible face off with regulator, the...
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The Toxic Work Culture in the Financial Sector Is a Reflection of Deeper Concerns
Toxic work culture is rife in the Indian financial sector and it is rare for senior executive management to acknowledge abusive behaviour...