EXECUTIVE SUMMARY. HDFC Bank, India’s largest bank by market capitalisation appears to be the first off the block in demanding resignations from permanent staff at its non-bank finance company (NBFC) subsidiary, HDB Financial Services (HDB FS). While times are indeed difficult, stakeholders in the bank should note the manner...
Vietnamese ingenuity, in leveraging popular support to liberate their country and abandoning conventional military doctrines, paved the way for a historic victory over French colonialism.
08/MAY/2020
On May 7-8, 1954, a huge garrison of the French Army surrendered to the Vietnamese Peoples’ Army at Dien Bien Phu, a remote mountain valley in...
EXECUTIVE SUMMARY. In the quarter ended March 31, 2020 HDFC AMC was dethroned as the market leader by SBI Mutual Fund, based on quarterly average assets under management (AUM). But worse may be in store in its lucrative actively managed equity-oriented AUM, as its large equity schemes are reporting...
EXECUTIVE SUMMARY. In the case of all the three prominent private sector banks (HDFC Bank, Indusind Bank and Axis Bank) that have declared 4QFY2020 results, sell-side analysts and the business media have chosen to ignore the role of deferred tax assets (DTA) in inflating 2HFY2020 net profits. Even though...
The author acknowledges the contribution of Aspects of India’s Economy (RUPE) for this article
EXECUTIVE SUMMARY. There was a sharp rise in corporate India’s external commercial borrowings (ECB) during the past financial year. Outstanding ECBs for December 2019 rose $ 29 bn y-o-y, to $ 223 bn, or 40% of...
EXECUTIVE SUMMARY. At a time when the economic environment is very volatile, and HDFC Bank’s share price has seen an unexpected slump, comes news of another bizarre corporate governance episode. Once more this paints a sorry picture of the board of India’s number 1 bank by market capitalisation, and...
EXECUTIVE SUMMARY. The sharp fall in index heavyweights as a result of foreign equity outflows resulted in panic amongst investors. Prominent sell-side firms arranged many conference calls with blue-chip and market favourite banks like HDFC Bank in March 2020. Unfortunately, apart from informing the stock exchanges, neither the bank...
