Capital Market

Capital market articles published by Hemindra Hazari

Hemindra Hazari Money laundering is not alien to Axis Bank. On July 26, 2011, an investigation by the online media firm, Cobrapost, showed officials of both private and government banks soliciting clients for laundering black money. The sting videos revealed these practices to be...
Hemindra Hazari In India’s darkest economic hour, with the economy starved of cash, the prime minister extolling the people on the virtues of sacrifice and the Reserve Bank of India (RBI) governor finally emerging from his 14-day absence and silence to reassure citizens, one...
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...
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...
Hemindra Hazari The government’s decision to appoint Urjit Patel, the current deputy governor of the Reserve Bank of India (RBI), to replace Raghuram Rajan as governor of the central bank was met with a chorus of approval by the media, and by captains of...
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...
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...
Hemindra Hazari ICICI Bank, India’s largest private sector bank by assets, posted shocking results for the quarter ended March 31, 2016. The consensus analyst forecast for the bank’s net profit was Rs. 3,100 crores; the bank reported a paltry Rs. 702 crores. This was an annual...
Hemindra Hazari The year is not even three weeks old but has already been unkind to financial markets. The stock market is back to pre-Modi levels; the rupee is back to pre-Raghuram Rajan levels.  While global markets absorbed the US Federal...
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...