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...
There is a paucity of demand of India – which requires an expansionary fiscal policy to revive employment, growth and investment.
Money. Credit: PTI
Hemindra HazariBANKINGBUSINESSECONOMY01/FEB/2018
There was widespread apprehension in the capital market that 2018 budget would be “populist” and voter-friendly in a year when state elections may be simultaneously held...
A strange picture of India’s financial system is being drawn, where privatisation is being pushed even as critical analysis and reporting on private sector entities is slowly being discouraged.
Hemindra HazariBANKING29/DEC/2017
As we bid farewell to 2017, The Wire looks back at some of the markers of disruption that affected different spheres, from politics...
Retail-focused
new private sector banks, the darlings of the capital market, are facing the
ire of the banking regulator. Nearly two months after the Reserve Bank of India
(RBI) compelled HDFC Bank to classify a large account as non-performing, thus
qualifying the blue-blooded bank for ‘divergence’ (from RBI findings), comes
news that the regulator...
True, the field is crowded, and fresh insights are hard to come by. Still, contrary to Douglas Kim’s argument, it’s not mid-caps, but large-caps, that offer profitable subject matter for research. The advantage for the truly independent researcher is that, while the usual corporate doors are quickly shut, there...
Although Roopa Kudva quit the bank transparency body in July 2017, there has been no public intimation of this development.
Hemindra HazariBANKINGECONOMY02/OCT/2017
(Left to right) Omidiyar Network india’s Roopa Kudva, Finance Minister Arun Jaitley and Banks Board Bureau chief Vinod Rai.
Mumbai: Roopa Kudva, managing director of Omidyar Network India Advisors, has...
It is extremely unfortunate that the regulatory agencies have till date not penalised any senior individual in the banks or the partners in the audit firms responsible for the huge divergence in NPAs in FY2016. The lack of punishment so far raises concerns of ‘regulatory capture’ by the private sector banks.
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 –...
Hemindra Hazari
Rising net deferred
tax assets (DTA) in a scenario of stagnant and depressed net profits is not a
healthy sign in some of the banks, as current years’ net profits get enhanced
while sometime in the future the net DTA will get reversed impacting future net
earnings. This trend is visible in...
