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Capital market articles published by Hemindra Hazari

Hemindra Hazari The Economic Survey is the flagship document of the Ministry of Finance, presented by the finance minister to parliament on a day prior to the release of the Union Budget. This prestigious economic document is the responsibility of the chief economic adviser to the Indian government and is widely...
Jay Kotak’s appointment comes with questions for the private banking sector, which has mostly eschewed the dynastic tendencies of old-school India Inc companies. Jay Kotak (standing) and Manish Agarwal of the Kotak Mahindra Bank's 811 initiative. Photo: YouTube screengrabSupport Us Listen to this article:BANKING 36 MINUTES AGO On May 26, 2022, a...
The bank’s promoter-cum-CEO and its board of directors have not understood the letter and spirit of an important banking rule, but have instead sought to take it as a starting point for negotiation. Uday Kotak. Credit: Reuters Hemindra HazariBANKING17/AUG/2018 In an indictment of Kotak Mahindra Bank (KMB) and its promoter-CEO, Uday Kotak,...
Hemindra Hazari Equity research analysts produce impressive reports, operate complex statistical models, and can talk confidently about the future on the business channels. But the past year has not been kind to the fundamental predictions of most analysts. In particular, there is a strong inbuilt bias of analysts to remain bullish....
Hemindra Hazari The media has gone overboard on the government of India’s decision not to give Raghuram Rajan, the Reserve Bank of India (RBI) governor, a second term, and focused on how the government is unable to retain an internationally acclaimed economist. However, now that Rajan is going, we need...
The display of such largesse should be a troubling signal for shareholders who worry about corporate governance. Hemindra HazariBANKINGGOVERNMENT25/JUL/2017 Rewarding senior management during a particularly bad year should be a troubling signal for shareholders. Credit: Reuters Mumbai: In a year when the net profit of Axis Bank – India’s third-largest private bank –...
There is a paucity of demand of India – which requires an expansionary fiscal policy to revive employment, growth and investment. Money. Credit: PTI Hemindra HazariBANKINGBUSINESSECONOMY01/FEB/2018 There was widespread apprehension in the capital market that 2018 budget would be “populist” and voter-friendly in a year when state elections may be simultaneously held...
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The RBI’s decision on April 26, 2021 to curtail tenures of bank chief executive officers and executive directors may finally lead to Kotak relinquishing his post at the end of 2023. Had the Reserve Bank of India (RBI) descended, like Moses, from Mount Sinai, perhaps it would have carried two...