Recent Posts
Hemindra Hazari, Independent Analyst: It is unusual. It introduces a political dimension and political risk. Business, especially for banks which are highly leveraged and manage public monies, tend to get identified with parties if their promoters publicly support one party or another, so I feel they should publicly remain apolitical. Uday Kotak publicly backed Modi during demonetisation and now that BJP’s electoral prospects are looking doubtful, he is backing the Congress party.
Most Popular
Remembering Napoleon and Dad
Rabindra Kishen Hazari Jr.
Napoleon was very short. He was my father's hero. Dad, Rabindra Kishen Hazari, was also very short, barely 5'3, and he...
Open War in Karnataka Bank as CEO, ED Defy Board
Tucked away in the notes to the 4QFY2025 accounts of Karnataka Bank, a century-old regional private sector bank which once enjoyed a conservative reputation,...
Yes Bank’s Retail Fiasco: The Rot Is at the Top
In June 2024, Yes Bank sacked at least 500 junior staff, mainly in its retail division (as reported by The Economic Times on June...
Ever-Vigilant CRISIL, India Rating Downgrade Firm – After Default
The raison d’etre of credit rating agencies (CRAs) is to anticipate events such as defaults before they occur. With access to companies’ privileged information,...
Farcical Saga of Axis Bank’s Chief Audit Executives
On February 3, Axis Bank got a new Chief Audit Executive (CAE); on February 12, it changed its CAE once again; in six months,...