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 –...
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
Urjit Patel is normally a very reticent man. So much so that as the Reserve Bank of India (RBI) governor, the individual...
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...
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Debate with CRISIL on providing the highest rating of P1+ to Hindustan Lever
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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...
In an unprecedented act, Kotak Mahindra Bank (KMB) on December 10, 2018 filed a writ petition in the Bombay high court against the Reserve Bank of India. The writ prayed for permission to include its preference capital (a debt instrument) issue in paid-up capital, thereby lowering the stake of the promoters...
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...
Hemindra Hazari
Risk management is the control and nerve centre of a bank. The independence of control and vigilance functions like risk management and audit has to be fiercely protected by the board of directors and the banking regulator. So when a major bank starts downgrading its chief risk officer...
Hemindra Hazari
Everyone knows public sector banks are less profitable, more prone to political influence and have higher ratios of non-performing assets (NPAs) than their private sector counterparts. In contrast, new private sector banks, set up post 1991, are media and stock market darlings. Most analysts tend not to mention...
