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Articles Published by Hemindra Hazari

EXECUTIVE SUMMARY. The Covid-19 outbreak and the resulting lockdown have caused widespread economic devastation, particularly in urban and commercially developed centres. Taking into account the loss of revenue faced by different types of businesses, the Reserve Bank of India (RBI) plans to come out with a one-time...
EXECUTIVE SUMMARY. In a highly reassuring development, Indusind Bank has stated to this writer that its board of directors “has not considered any proposal to appoint Mr Sobti in any capacity post his retirement as MD and CEO .”
EXECUTIVE SUMMARY. The Chief Executive Officer (CEO) succession fiasco at HDFC Bank, coupled with the tweets of an anonymous  source on the abrupt and controversial exits of senior level bank staff (which the bank had no intention of disclosing), has clearly unnerved the senior management of the...
EXECUTIVE SUMMARY. It is the season for long serving business head verticals to exit HDFC Bank. Following the abrupt departures  of Abhay Aima (former Group Head – private banking) and Ashok Khanna (ex-Group Head - automobile loans) comes news of Munish Mittal (Group Head – Information Technology...
EXECUTIVE SUMMARY. Two long serving senior executives of HDFC Bank who headed important business verticals have abruptly quit the bank, reportedly under unusual circumstances. Abhay Aima (Group Head – Private Banking), quit sometime in FY2020, while Ashok Khanna (Group Head – Secured Vehicle Loans) left in early...
EXECUTIVE SUMMARY. At a time when many private sector banks such as HDFC Bank, ICICI Bank, Axis Bank, Indusind Bank and Yes Bank have increased their deferred tax asset (DTA) in 2HFY2020 as compared with 1HFY2020, thereby inflating their net profits in the period, it is heartening...
EXECUTIVE SUMMARY. To address the woeful state of corporate governance in India’s banking sector, especially in the much fancied and widely covered private sector (in which foreign institutional investors are heavily invested), the Reserve Bank of India (RBI) released a discussion paper on ‘Governance in Commercial Banks...
EXECUTIVE SUMMARY. In Ian Fleming’s iconic James Bond movie franchise, the dapper 007 manages to get away, however precarious the situation. Similarly, in Yes Bank, one Additional Tier 1 Capital (AT1) perpetual bond issued under Basel III classification has escaped from being written down. In the wide...
EXECUTIVE SUMMARY. HDFC Bank, India’s largest bank by market capitalisation appears to be the first off the block in demanding resignations from permanent staff at its non-bank finance company (NBFC) subsidiary, HDB Financial Services (HDB FS). While times are indeed difficult, stakeholders in the bank should note...
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