HDFC Bank: Profits Tucked Away For A Rainy Day

0
1577

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.

SOURCEASK Raymond James
Previous articleSBI: A Question of Leadership
Next articleIndian Banks: Corporate Governance — Miles To Go