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 likely to define Modi 3.0? | World Business Watch | WION
https://www.youtube.com/watch?v=WhTXzgnTS_c
My interview starts from 2:30 mins
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