“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."
As Hemindra Hazari, a Sebi-registered independent research analyst, has pointed out in his report, “Bank boards have clear-cut policies on the approval powers of all...
https://www.youtube.com/watch?v=eXiLiqh6tuo
Memorial Lecture Held on June 14, 2025, at the Walchand Hirachand Hall, Indian Merchants Chamber, Churchgate, Mumbai
DISCLOSURE
I, Hemindra Kishen Hazari, am a Securities and...
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In conversation with Vidya Rajarao to discuss the poor state of corporate governance in the financial sector.
Recent events...