Reliance Naval Engineering (RNE) will in all
likelihood be classified as non-performing by all the concerned banks in the
consortium for the quarter ended March 31, 2018. Long facing difficulty meeting
its financial obligations, the company finally fell short in the December
quarter. In the March quarter, banks in the consortium were unable...
Reliance
Naval Engineering (RNE) will in all likelihood be classified as non-performing
by all the concerned banks in the consortium for the quarter ended March 31,
2018. Long facing difficulty meeting its financial obligations, the company
finally fell short in the December quarter. In the March quarter, banks in the
consortium were unable to...
The ICICI Bank Board recently staged a ringing defence of its Chief Executive Officer (CEO), Chanda Kochhar with a categorical press statement reposing trust in her. Now that statement has blown up in the board’s face. A new exposé has revealed the smoking gun: Kochhar and her family were...
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,...
The shimmering lustre of India’s crown jewel of banking, HDFC Bank, is attributed to its chief executive officer (CEO), Aditya Puri. In a span of nearly 24 years he has taken its market capitalisation to US$ 74.4 bn, easily surpassing State Bank of India, the banking behemoth. The secular...
Where it has powers, the RBI has refused to use them, even when serious lapses in management are detected.
Former RBI governor Urjit Patel. Credit: Reuters
Hemindra Hazari BANKING 20/MAR/2018
Urjit Patel is normally a very reticent man. So much so that as the Reserve Bank of India (RBI) governor, the individual...
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 ...
February 23, 2018 by rupeindia
— Hemindra Hazari writes:
The Punjab National Bank (PNB) Nirav Modi scam has led to a clamour from certain quarters for the privatization of India’s Government banks. It was only to be expected that Assocham , the corporate sector body, saw in this development a chance to ask for...
SBI's massive restructuring of standard loans are finally coming home to roost with a vengeance.
Hemindra HazariBANKING13/FEB/2018
SBI’s headquarters in Mumbai. Credit: Reuters
On February 9, 2018, a sad day dawned in the history of Indian banking. The State Bank of India, the government’s premier bank and India’s most prestigious, reported that...
