EXECUTIVE SUMMARY. Xmas festivities were disrupted when RBL Bank dropped a bombshell on the stock exchanges. It informed the public that the Reserve Bank of India (RBI), under Section 36AB of the Banking Regulation Act, 1949, had appointed Yogesh K Dayal (Chief General Manager, RBI) as an additional director....
EXECUTIVE SUMMARY. Most private sector banks withhold the remuneration details of senior executives in the annual reports. However, shareholders can specifically request this disclosure from companies. The remuneration disclosure provides valuable information on the quantum of monetary compensation, revealing how senior managers have been appraised and compensated.
In Indusind Bank,...
EXECUTIVE SUMMARY. In the last 3 years, studies have revealed the unprecedented acceleration and concentration of profits and economic power accruing at the pinnacle of corporate India. The large corporates have become bigger and the small corporates have fallen further behind. This has happened not only on account of...
EXECUTIVE SUMMARY. The sharp slowdown in the Indian economy and the wide publicity to the production cutbacks and layoffs in the automobile sector have cast the spotlight on the retail sector of banking. The business model of HDFC Bank, India’s largest bank by market capitalization, is firmly wrapped around...
Hemindra Hazari
There are high hopes that Urjit Patel, the new RBI governor will act to revive bank lending and thereby do his bit for the economy. But that would require him to make the right diagnosis in the first place. The recently released RBI Annual Report at least shows no sign...
It seems miracles
do happen. The lame walk, the dying return to life, the blind see – well, maybe
not the last, if they are sell-side analysts and the business media, in which
case they keep their eyes closed for life. Had they attempted a close analysis
of Yes Bank’s 4QFY2018 results, they...
ChemfabBPO15June92.bmpDownload
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 as an independent director. Private equity firm KKR had also appointed Sharma as an adviser for their alternative investments. The irony of publicly-owned and listed...
EXECUTIVE SUMMARY. The Reserve Bank of India’s (RBI) draft scheme for the reconstruction of Yes Bank is unlikely to restore the confidence of the bank’s depositors, especially its current and savings account (CASA) depositors, who are likely to desert the bank once the moratorium is lifted. Once a bank...
Credibility issues have plagued Yes Bank’s asset quality disclosures in the earlier (year ending March 31, 2016) annual report, added to these concerns is a top heavy organisational structure with significant expansions and contractions in the “top management” category in the last 2 years without any explanation in the...
