Articles

Private sector banks’ high and sharply rising attrition is in the spotlight, thanks to the mandatory disclosures in banks’ annual and business sustainability reports since FY2023. However, inter-bank comparison may not be an accurate indicator of the attrition in a particular bank, as some large banks use unlisted subsidiaries...

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 –...

HDFC Bank RBI divergence story shows, the huge number of analysts and journalists deliberately ignored and continue to be oblivious to a story that is staring at them in their face and it is in this void that independent research can flourish and prosper.

The pitifully situation in sell-side research is on account of their inability to publicly question or even condemn the management of the companies they cover and expose accounting fraud, mismanagement and mis-governance.

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EXECUTIVE SUMMARY. The Council of Ethics of the Government Pension Fund Global (GPFG), the Norwegian sovereign fund, recommended on February 19, 2020 that Page Industries (licensed to produce the Jockey brand of clothing and Speedo in India) be excluded from investment by the fund.  GPFG is the world’s largest...

The bank’s promoter-cum-CEO and its board of directors have not understood the letter and spirit of an important banking rule, but have instead sought to take it as a starting point for negotiation. Uday Kotak. Credit: Reuters Hemindra HazariBANKING17/AUG/2018 In an indictment of Kotak Mahindra Bank (KMB) and its promoter-CEO, Uday Kotak,...

With the help of a whistleblower, the Rajasthan police is prosecuting cases of insurance schemes mis-sold by ICICI as fixed deposits to unsuspecting customers. But the country's insurance and banking regulators don't seem bothered. Victims narrate their stories about how they were mis-sold insurance policies. Credit: Insurance Angels Hemindra Hazari ...

In the wake of the collapse of Silicon Valley Bank (SVB) in the United States of America on March 10, 2023, the United States Federal Reserve (Fed), on April 28, 2023, released its report on the review of the bank’s supervision and regulation. The report is highly relevant in the...

EXECUTIVE SUMMARY. Romesh Sobti, the CEO of Indusind Bank, was recently crowned ‘banker of the year’ by a fawning business media, despite reporting two consecutive years of fudged accounts (FY2016 and FY2017) and putting nearly 8% of the bank’s capital at risk in an ill-advised, unsecured loan to...