Hemindra Hazari 17 February 2017
Historically, India’s net oil subsidy was nothing but a myth after factoring in taxes on petroleum products. But in the last two years, as oil prices declined internationally, the government went further and shifted to an oppressive regime of punitive oil taxes. In earlier years,...
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 move, which was announced on November...
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...
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 earlier statement that his resignation was...
It is curious that the first step of a reform-minded Chicago-school scholar was to announce a subsidy. Of course, unlike the subsidies that Rajan criticised as chairman of the Committee on Financial Sector Reforms in September 2008, this subsidy would go not to low income sections of the population, but to the banks.
Debate with CRISIL on providing the highest rating of P1+ to Hindustan Lever
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With the help of a whistleblower, the Rajasthan police is prosecuting cases of insurance schemes mis-sold by ICICI as fixed deposits to unsuspecting customers. But the country's insurance and banking regulators don't seem bothered.
Victims narrate their stories about how they were mis-sold insurance policies. Credit: Insurance Angels
Hemindra Hazari ...
Hemindra Hazari
There are high hopes that Urjit Patel, the new RBI governor will act to revive bank lending and thereby do his bit for the economy. But that would require him to make the right diagnosis in the first place. The recently released RBI Annual Report at least shows no sign...
A liquidity crisis of such a magnitude is not an overnight phenomena yet the credit rating agency certified the compnay as investment grade thereby misinforming bond holders and bankers
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 in the history of banking regulation. The Reserve Bank of India (RBI) recently concluded...
