“Apparently the RBI’s internal working group has succumbed to corporate pressure to call for the entry of industrial houses into banking, where matters of connected lending are always of paramount concern,” says Hemindra Hazari, an independent banking expert
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,...
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,...