Grappling with bad loans, weak loan growth and leadership uncertainty, its valuation is under pressure Prathamesh Mulye Getty images It’s now an accepted fact that Indian banks leave too much to be desired in terms of maintaining clean books. One of the most high-profile bankers fell from grace due to his willingness...
“When all group companies are constrained by liquidity problems, the strongest company will get impacted as a natural fallout,” said Hemindra Hazari
“Once a bank is put under a moratorium, its deposit franchise is irrevocably eroded, as banking is all about trust,” Hazari wrote.
Sashidhar Jagdishan inherits a proven entity from predecessor Aditya Puri. However, the 'bank insider' will have to rebuild trust among business leaders and devise his own strategy when NPAs rise  BY SALIL PANCHAL, Forbes India Staff 5 min readPUBLISHED: Aug 10, 2020 05:04:27 PM IST Sashidhar Jagdishan, HDFC Bank’s new managing director and...
Independent banking expert Hemindra Hazari, who has studied the governance of banks in India extensively, says that he was “not surprised” that all these events have come to light in recent months, post Puri’s retirement. “Puri was so focussed on achieving targets and getting the ladoo in each business line that compliance took a backseat under his leadership,” Hazari says. Jagdishan is firmly trying to correct this while not compromising on growth. “Jagdishan is doing an honest job.’
The Yes Bank turmoil came with a one-off solution, but newer banks will not be spared from the infectious effect. And Covid-19 will only hurt retail lending more  BY SALIL PANCHAL, Forbes India Staff 9 min read PUBLISHED: Mar 24, 2020 03:39:36 PM IST UPDATED: Mar 24, 2020 06:01:17 PM IST As soon as...
Uday Kotak is a cautious and savvy banker with deep and strong connections in the business world.  However, by no stretch, is he an activist. So, why would he drag his regulator to court, especially the Reserve Bank of India (RBI) which has always guarded its ‘independence’ or lack of public accountability very zealously? Kotak’s decision,...
The RBI wants to see improved governance from private banks through proposed rules that limit the roles and tenures of CEOs. But will they work?  BY SALIL PANCHAL, Forbes India Staff 7 min read PUBLISHED: Jul 6, 2020 05:12:39 PM IST UPDATED: Jul 7, 2020 01:31:39 PM IST In November 2018, three independent directors...
Hudson Lockett in Hong Kong, Benjamin Parkin and Stephanie Findlay in New Delhi Fortunes of billionaires Mukesh Ambani and Gautam Adani soar past likes of Alibaba’s Jack Ma India’s industrial moguls Mukesh Ambani and Gautam Adani have swept past the likes of China’s Jack Ma in global wealth rankings as the fortunes of leading billionaires in...
Divya Patil and Anto AntonyThu, September 22, 2022 at 4:30 AM·4 min read World’s Second-Biggest Fortune Fails to Halt Rout in Adani Bonds (Bloomberg) -- Surging share prices of Gautam Adani’s companies have helped make him the world’s second-richest person. The bond market isn’t quite as enthusiastic. Stocks of firms in his...