HDFC Bank has used ingenious ways to understate its profits under Indian provisioning rules for FY2000. Apparently the year ended with the bank being...
EXECUTIVE SUMMARY. In a bizarre episode which raises critical questions regarding basic norms of corporate governance, Sandeep Parekh, independent director of HDFC Bank, took...
EXECUTIVE SUMMARY. In a little-publicised step, the Securities and Exchange Board of India (SEBI) has directed the first 1,000 companies by market capitalisation on...
EXECUTIVE SUMMARY. The Reserve Bank of India’s (RBI) decision to temporarily put a halt to all digital launches of HDFC Bank’s financial products and...
EXECUTIVE SUMMARY. On November 29, 2019, Yes Bank finally revealed the names of the prospective investors for their US$ 2 bn equity issue. Unfortunately,...
EXECUTIVE SUMMARY. Government banks have been derided for indulging in ‘phone banking’ (being instructed on the telephone by ruling party politicians and civil bureaucrats...
EXECUTIVE SUMMARY
Indusind Bank’s reckless decision to provide a Rs 20 bn (8% of the bank’s capital) unsecured bridge loan to IL&FS, an insolvent infrastructure...
EXECUTIVE SUMMARY. US law firms, Rosen Legal, Pomerantz and Schall have filed class action suits (here, here and here) against HDFC Bank. The grounds...
EXECUTIVE SUMMARY. On September 13, 2019, a court in Udaipur, Rajasthan took cognisance of charges and issued bailable warrants against Sandeep Bakhshi, Chief...
