Capital Market

Capital market articles published by Hemindra Hazari

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...
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 HazariBANKINGBUSINESSECONOMY12/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...
Hemindra Hazari 27 March 2017 Can half the workforce of rural India be considered “marginal to the economy”? That, it appears, is what Lord Meghnad Desai, eminent economist, Gujarat-born and UK-naturalised Labour life peer and Indian Express columnist, believes. Desai has had a...
Hemindra Hazari 20 March 2017 After the BJP’s decisive victory in the Uttar Pradesh (UP) state elections, alarm bells have started tolling in the capital market. The primary cause for concern is the BJP’s promise to the UP electorate to waive off all farm loans...
Hemindra Hazari 4 March 2017 Axis Bank has had a tough year. Just as it was slowly recovering from the demonetisation fiasco, wherein some of its officials were arrested for money laundering, its non-watch list corporate loans slipped into the non-performing category in the third quarter...
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...
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...
Hemindra Hazari In the run-up to the upcoming Budget, shares on the stock market have rallied, raising hopes of the long delayed revival in private sector capital expenditure and corporate earnings. But against the backdrop of an already slowing economy followed by the ill-conceived,...
Hemindra Hazari In the ongoing demonetisation saga, the credibility of India’s central bank keeps plunging to new depths. Repeated contradictory notifications, restrictions on cash withdrawal of deposits, inadequacy of new notes to replace the withdrawn high denomination notes, and a...