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...
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...
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 –...
Ravi Narayanan, the 55-year old Group-Head in-charge of retail branches, retail liabilities and third party products abruptly resigned from Axis Bank on March 13, 2024 because he wished to pursue an “entrepreneurial journey”. He will be relieved on March 22, 2024, to conform to his wish for an early...
The fact that the RBI supported the administrator’s actions in the court case indicates that, in all likelihood, it had orally instructed him to proceed.
On January 20, 2023, the Bombay high court dealt a body blow to Yes Bank. It set aside the decision of the then Administrator (and...
The bank’s official explanation of a technical glitch needs to be examined, by the RBI, which should commission a probe.
Hemindra Hazari
On November 5, 2021, the auspicious day of the Hindu New Year, the Economic Times burst a firecracker of a news story on IndusInd Bank. The story cited whistle blowers (a group...
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...
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,...
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.
