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Capital Market

Capital market articles published by Hemindra Hazari

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...
If Chanda Kochhar had disclosed her husband's dealings and recused herself from the credit committee that sanctioned the Videocon loan, her personal integrity would not be under question right now. Credit: Reuters Hemindra HazariBANKING02/APR/2018 ICICI Bank chairman M.K. Sharma displayed utter contempt for the media and public by calling for a press conference,...
For the last 5 years, the capital market in contrast to the Bank Nifty has been signalling a major concern with Kotak Mahindra Bank (KMB), with a stagnant share price and a secular de-rating of the bank’s price-to-book value multiple. But it is only now that sell-side analysts and...
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 –...
State Bank of India (SBI), India’s largest bank, became even larger with the merger of its five commercial banking subsidiaries on April 1, 2017. Leading up to the All Fool’s Day merger, in mid-February 2017, finance minister Arun Jaitley was confident the step would make the bank a global player; a month...
The systemic erosion of public institutions indicates that Vinod Rai, a roaring tiger, has been reduced to a caged parrot, and the BBB’s expiry date is fast approaching. Perhaps the BCCI will turn out to be a more absorbing engagement than the nation’s public sector banks.
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...
The legal battle concerns the RBI’s instructions to Kotak Mahindra Bank to reduce the promoter holding, and the bank's sharp practices while appearing to comply. By Hemindra Hazari MUMBAI, Maharashtra—A royal legal battle has been going on between Kotak Mahindra Bank (KMB) and the banking regulator, the Reserve Bank of India (RBI), in...
Although Roopa Kudva quit the bank transparency body in July 2017, there has been no public intimation of this development. Hemindra HazariBANKINGECONOMY02/OCT/2017 (Left to right) Omidiyar Network india’s Roopa Kudva, Finance Minister Arun Jaitley and Banks Board Bureau chief Vinod Rai. Mumbai: Roopa Kudva, managing director of Omidyar Network India Advisors, has...
Hemindra Hazari Axis Bank is one of the favoured stars among the new private sector banks in India, with an enviable reputation. The Banker gave it the Bank of the Year award in 2014; Brand Equity termed it the “Most Trusted Private Sector Bank” two years in a row (2013, 2014); Asiamoney called it the “Best...