In the private sector financial services (banking and insurance) there is a requirement for an institutional mechanism like a Central Vigilance Commission (CVC)-like organisation to monitor executives especially the CEO as past instances have shown the incompetence and/or complicity of independent directors.
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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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A Tale of Two Banks
Take two old private banks, of similar backgrounds. One embarks on an ambitious, disruptive strategy of nationwide expansion; the other remains stuck to its...
India’s big bank moment has arrived. Why it matters
“Somehow, they feel size is everything. It is true that if the net worth gets bigger, they would be able to give larger corporate...
Does a Bank Do Better under a Foreign Owner?
It appears the Government and the Reserve Bank of India (RBI) have given the green light to foreign investors to take significant stakes in...
Will ICICI Bank’s Chief Stay Another Term? The Market Wants To Know
“ICICI Bank is trading at a higher price to book earnings than HDFC Bank. That is a very big achievement. The stock market has...
India’s $3.9 billion plan to help Modi’s mogul ally after U.S. charges
“This government supports Adani and will not allow any harm or any detriment to come to it,” said Hemindra Hazari, a Mumbai-based independent expert...













