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Articles Published by Hemindra Hazari

EXECUTIVE SUMMARY. The toxicity in Axis Bank’s work culture which this analyst has been highlighting (here and here) was recently confirmed by Ravi Narayanan,...
The now-beleaguered and much-derided Infrastructure Leasing & Financial Services Limited (IL&FS) holds its annual general meeting on September 29. IL&FS has a handful of major...
EXECUTIVE SUMMARY. The Securities and Exchange Board of India (SEBI)’s order  penalising Kotak Mahindra Mutual Fund (Kotak MF), a subsidiary of Kotak Mahindra Bank...
Hemindra Hazari The government’s decision to appoint Urjit Patel, the current deputy governor of the Reserve Bank of India (RBI), to replace Raghuram Rajan as...
Credibility issues have plagued Yes Bank’s asset quality disclosures in the earlier (year ending March 31, 2016) annual report, added to these concerns is...
Reliance Naval Engineering (RNE) will in all likelihood be classified as non-performing by all the concerned banks in the consortium for the quarter ended March 31, 2018....
Hemindra Hazari The year is not even three weeks old but has already been unkind to financial markets. The stock market is back to pre-Modi...
EXECUTIVE SUMMARY. In the case of all the three prominent private sector banks (HDFC Bank, Indusind Bank and Axis Bank) that have declared 4QFY2020...
Axis Capital’s structured finance team is proud of its “unblemished track record of ‘No Default’ in any transaction with 100% investor money”. But the...
EXECUTIVE SUMMARY. Yes Bank’s loss in 4QFY19 would have been much higher, by Rs 16.6 bn, and its annual profit significantly lower, had it...