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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.
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Podcast with The Core on Bank Credit Growth at a Dead End
Podcast with The Core on Expected Slowdown in Bank Credit from 10:39
Credit Growth at a Dead End
It is a commonplace that banks are a proxy for the economy. When the economy does poorly, one would expect banks to do poorly,...
Pledge agreements show Adani Green could have breached loan covenants
To read the entire article (paywall) please click here
Hemindra Hazari, a banking analyst, adds that “after that story should have gone and told...
Indian Billionaire Adani Down Again, But Not Out
By Bhuvan BAGGA November 22, 2024
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Axis Capital Reports Shares of Illiquid Unlisted Firm as ‘Held for Trading’
India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), on September 19, 2024 passed an interim order on Axis Capital (a...