EXECUTIVE SUMMARY. Recently, the Reserve Bank of India (RBI) was forced to disclose its confidential inspection reports, called Risk Assessment Reports (RARs), of the State Bank of India (SBI), HDFC Bank, ICICI Bank and Axis Bank for the years FY2013 to FY2015. Shockingly, among the four banks, HDFC Bank...
EXECUTIVE SUMMARY. Citi’s decision to withdraw from consumer banking in 13 geographies, including India, and focus instead on corporate/institutional banking, is a lesson in missed opportunities, at least in the case of India. Citi India was the pioneer in consumer banking, in products such as mortgages and credit cards,...
A high-profile bank collapses on account of high-risk, bulky non-performing corporate loans. With the intervention of the Reserve Bank of India (RBI), the errant bank gets bailed out, and the RBI nominates two directors to the board. The new management and the restructured board of directors would then take...
An account of K.R. Shenoy's life gives us glimpses of a significant phase of Indian banking, one which had far more dynamism than it usually gets credit for.
Hemindra Hazari
The laterite soil of the district of Dakshina Kannada – or ‘south Canara’ as it was referred to before Independence –...
EXECUTIVE SUMMARY. A commendable feature in Yes Bank’s 3QFY2021 results declared on January 22, 2021 was the continued level of transparency made available to investors on its asset quality, despite reporting the inevitable huge increase in stress loans. Around 30% of private sector banks loans were under the Covid-19-induced...
Axis Bank is back in the spotlight for rewarding senior management for a disastrous performance. It was a year in which profits and profitability collapsed with the souring of corporate loans, the regulator penalised the bank for fudged accounts, the share price stagnated and no dividend was declared. Yet...
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 publicity that the write...
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 restructuring package...
EXECUTIVE SUMMARY. In the ongoing Indusind Bank microfinance saga, we earlier learned of a "technical glitch" whereby the bank generously disbursed loans to customers without their consent. Now comes the bank’s claim of a "procedural lapse" whereby the bank received repayments of large numbers of loans, and disbursed new...
