The regulatory action started after a report by a SEBI-registered analyst Hemindra Kishen Hazari highlighted concerns about Axis Capital’s high-risk transactions earlier this year.
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In our experience companies adopt liberal accounting policies to cover up flagging fundamentals otherwise there is rarely a valid business reason.
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India’s Tata Capital makes muted market debut after $1.75 billion IPO
The lacklustre performance of Tata Capital reflects limited investor appetite for quality non-banking financial companies in India, said Hemindra Hazari, a SEBI-registered independent research...
IDBI Bank’s Stakeholder Enrichment Programme Begins at the Top
Privatisation is supposed to increase competition, usher in greater efficiencies, unleash animal spirits, and enrich stakeholders. IDBI Bank’s board of directors appear to have...
Echoes of the past: Excerpts from RK Hazari on the need to nationalise banks
Posted by Prabir Sorkel | August 14, 2025
Here is an excerpt from the report titled “Industrial Planning and Licensing Policy” of the Planning Commission...