Never before has a bank taken the Reserve Bank of India to court on the issue of promoters’s quota. Hemindra Hazari explains this unprecedented tussle to NewsClick.
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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."
as the HDFC Bank RBI divergence story shows, the huge number of analysts and journalists deliberately ignored and continue to be oblivious to a story that is staring at them in their face and it is in this void that independent research can flourish and prosper.
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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
Is there any bank with good governance in India?
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In conversation with Vidya Rajarao to discuss the poor state of corporate governance in the financial sector.
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