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.
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,...
Does anyone remember why India opened up the insurance sector to private, including foreign, investment at the start of this century?
A quarter of a...
https://www.youtube.com/watch?v=5uCKFV_uH04
Indian economy faces twin problems of poor demand and high food inflation. The Budget needs to increase total expenditure/GDP and fiscal deficit to provide...
Podcast with The Core on Expected Slowdown in Bank Credit from 10:39
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DISCLOSURE
I, Hemindra Kishen Hazari, am a Securities and Exchange Board of India (SEBI)...