Hemindra Hazari
In India’s darkest economic hour, with the economy starved of cash, the prime minister extolling the people on the virtues of sacrifice and the Reserve Bank of India (RBI) governor finally emerging from his 14-day absence and silence to reassure citizens, one critical individual has gone “missing”. A...
EXECUTIVE SUMMARY
Indusind Bank’s reckless decision to provide a Rs 20 bn (8% of the bank’s capital) unsecured bridge loan to IL&FS, an insolvent infrastructure company has led to a significant de-rating of its valuation multiple. In the 3QFY2019 results call, Ramesh Sobti, the bank’s CEO believes that the bank...
Myth-of-Peaceful-India-May-1991-BPODownload
Sunlight is said to be
the best disinfectant; it is also considered fatal for vampires. Whatever be
the reason, the ICICI Bank board has decided to take no chances of the
slightest ray falling on its murky recesses. It has appointed a complete
insider to replace Chanda Kochhar, the bank’s CEO-under-investigation.
Ms Kochhar, who...
Vietnamese ingenuity, in leveraging popular support to liberate their country and abandoning conventional military doctrines, paved the way for a historic victory over French colonialism.
08/MAY/2020
On May 7-8, 1954, a huge garrison of the French Army surrendered to the Vietnamese Peoples’ Army at Dien Bien Phu, a remote mountain valley in...
BataBPO20May1996Download
EXECUTIVE SUMMARY. A noteworthy feature in the 3QFYGDP estimate is its dubious credibility, as indirectly admitted by the official statistical agency itself. In the 1QFYGDP and 2QFYGDP, while the National Statistical Office (NSO) had acknowledged that, on account of the lockdown, the estimates are “likely to undergo revisions” the...
Hemindra Hazari 27 March 2017
Can half the workforce of rural India be considered “marginal to the economy”? That, it appears, is what Lord Meghnad Desai, eminent economist, Gujarat-born and UK-naturalised Labour life peer and Indian Express columnist, believes.
Desai has had a notable academic career, earning his doctorate at the University of...
Hemindra Hazari 20 March 2017
After the BJP’s decisive victory in the Uttar Pradesh (UP) state elections, alarm bells have started tolling in the capital market.
The primary cause for concern is the BJP’s promise to the UP electorate to waive off all farm loans and provide fresh loans at zero percent interest. Capital market...
State Bank of India (SBI), India’s largest bank, became even larger with the merger of its five commercial banking subsidiaries on April 1, 2017.
Leading up to the All Fool’s Day merger, in mid-February 2017, finance minister Arun Jaitley was confident the step would make the bank a global player; a month...
