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Capital Market

Capital market articles published by Hemindra Hazari

The central bank's decision to not spell out a rationale does little in terms of adding to the ownership debate. Hemindra Hazari BANKING 12 HOURS AGO It was surely one of the more odd episodes...
Mumbai: It is the season of resignations for the independent directors of India Inc’s corporate boards. The recent stormy exit of R. Chandrashekhar from the board of Yes Bank caught the media’s attention, after which the private sector lender had to issue an apology to the stock exchanges and retract its...
By Hemindra Hazari On January 11, 2019, the Reserve Bank of India (RBI)  issued a press release informing the public that “by an order dated January 4, 2019 imposed a monetary penalty of Rs 30 million on Citibank N.A. India (the bank) for deficiencies in compliance...
By Hemindra Hazari Even in a season of corporate misgovernance, scams and lack of any CEO-level and board-level accountability, a new leviathan of misgovernance threatens to dwarf the rest. Emerging from the murky depths – where it seems...
Hemindra Hazari 23/MAY/2017 Recently, Axis Bank and Yes Bank jolted the Indian banking community while releasing their annual results. Both banks disclosed a staggeringly large divergence between the banks’ audited accounts and the Reserve Bank of India’s (RBI)  findings regarding...
Hemindra Hazari BANKING BUSINESS ECONOMY 12/APR/2017 Uday Kotak’s much hyped press conference on March 29 promised a bang. But all we got was a whimper. Kotak’s announcement was a new digital-based saving account, christened “811”, no doubt in honour of the Modi government’s demonetisation...
SBI's massive restructuring of standard loans are finally coming home to roost with a vengeance. Hemindra HazariBANKING13/FEB/2018 SBI’s headquarters in Mumbai. Credit: Reuters
Claudius, in Hamlet, noted that “When sorrows come, they come not single spies but in battalions.” He could well have been speaking about the woes of Yes Bank shareholders. The last few months, and in particular November, have been a punch in the gut to...
Where it has powers, the RBI has refused to use them, even when serious lapses in management are detected. Former RBI governor Urjit Patel. Credit: Reuters Hemindra Hazari BANKING 20/MAR/2018