“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."
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,...