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RBI Confidential Reports Reveal a Gulf between Axis Bank Annual Reports and Reality

EXECUTIVE SUMMARY. Under the threat of being pulled up for contempt of court by the Supreme Court of India, the Reserve Bank of India...

Capital Market

Exclusive: RBI’s Risk Assessment Reports on Axis Bank: Missing the Forest for the Trees

Hemindra Hazari 9 July 2019 On 26 June 2019, confronted with a contempt petition filed in the Supreme Court of India by Right to Information...

Research

Cox & Kings Fiasco: India’s Credit Ratings Agencies Are Unfit and Unaccountable

The appalling record of incompetence, and likely worse, by India’s credit rating agencies (CRAs) continues to lengthen. The latest instance is the double default...

Research

RBI Independence Quietly Buried, Without a Murmur from Credit Rating Agencies

The resignation of Viral Acharya, deputy governor, Reserve Bank of India (RBI) six months before his term was to end, was preceded by the...

Research

Shikha Sharma Rewarded with Prominent Directorships for Mismanagement at Axis Bank

EXECUTIVE SUMMARY. On June 14, 2019, Tech Mahindra joined the ranks of Tata Global Beverages, Ambuja Cement and Dr Reddy’s in appointing Shikha Sharma...

Research

E&Y Affiliate Barred: Why Are Banks Addicted to Delinquent Auditors?

EXECUTIVE SUMMARY. In a stunning rebuke to audit firm S.R. Batliboi (SRB), a member firm of Ernst & Young, the Reserve Bank of India...

Research

The Deferred Tax Bomb

EXECUTIVE SUMMARY. While the market is commending banks like ICICI and Axis Bank for cleaning up their balance sheets with aggressive loan loss provisions,...

Research

Sell-Side Analysts’ Blind Faith in IndusInd Bank Need Not Blind Investors

EXECUTIVE SUMMARY. Indusind Bank not only declared 4QFY2019 results far below consensus expectations, but FY2019 net profits have been inflated by a significant increase...

Research

Yes Bank’s Hike in Deferred Tax Assets: Short-sighted Policy

EXECUTIVE SUMMARY. Yes Bank’s loss in 4QFY19 would have been much higher, by Rs 16.6 bn, and its annual profit significantly lower, had it...

Research

When the Government’s Biggest Bank Behaves Like a Private One, Who Will Take Care of Economic Revival?

EXECUTIVE SUMMARY. All indicators point to a disturbing slowdown in India’s economy in recent months: the Index of Industrial Production, the Purchasing Managers’ Index,...

IndusInd Bank Board Protects Senior Executives Responsible for...

Not a Private Matter: Did Axis Bank Share...

Does the IndusInd Board Run the Bank? Or...

A Tale of Two Banks

RBI Confidential Reports Reveal a Gulf between Axis Bank Annual Reports and Reality

Exclusive: RBI’s Risk Assessment Reports on Axis Bank: Missing the Forest for the Trees

Cox & Kings Fiasco: India’s Credit Ratings Agencies Are Unfit and Unaccountable

RBI Independence Quietly Buried, Without a Murmur from Credit Rating Agencies

Shikha Sharma Rewarded with Prominent Directorships for Mismanagement at Axis Bank

E&Y Affiliate Barred: Why Are Banks Addicted to Delinquent Auditors?

The Deferred Tax Bomb

Sell-Side Analysts’ Blind Faith in IndusInd Bank Need Not Blind Investors

Yes Bank’s Hike in Deferred Tax Assets: Short-sighted Policy

When the Government’s Biggest Bank Behaves Like a Private One, Who Will Take Care of Economic Revival?

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Not a Private Matter: Did Axis Bank Share Price Sensitive Information to a Select...