An incendiary speech by a senior Reserve Bank of India (RBI) official last Friday blew the lid off an increasingly toxic dispute between the central bank and the government of Prime Minister Narendra Modi over monetary policy and who controls the institution's reserves, Reuters has reported.
While historically there have been differences...
Indiabulls Housing Finance is back to business after its failed proposed merger with Lakshmi Vilas Bank. But experts say financial institutions may not lend to company given its current market scenario
BY SALIL PANCHAL, Forbes India Staff 3 min read PUBLISHED: Oct...
“Q1 FY20 is expected to be poor on account of stressed loans slipping to NPAs,” says Hazari.
Former economic affairs secretary Shaktikanta Das has been appointed as the new Governor of the Reserve Bank of India, an order from the Department of Personnel & Training said on Tuesday evening.
Das is a 1980 batch IAS officer of Tamil Nadu cadre and will hold the post for three-year term. He...
"He should have resigned earlier [if he was peeved]…. You can’t be like an independent commentator in position of office and make statements which are destabilising,” Hazari told Forbes India.
“Some would call it strange for the same auditor to audit competing banks in the same year. What is even more unusual is that the accounts certified of both the banks by the same, individual statutory auditor have been found misleading by the statutory regulator,” Hazari had written in one of his columns for The Wire.
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...
Last Updated : Apr 15, 2019 04:28 PM IST | Source: Moneycontrol.com
By proposing the use of perpetual non-cumulative preference shares to cut promoter holding, Kotak, the promoter, is guilty of not complying with the spirit of the law. So...
“When all group companies are constrained by liquidity problems, the strongest company will get impacted as a natural fallout,” said Hemindra Hazari
Yes Bank watchlist also highlights the failure of credit rating agencies and analysts to spot anomalies and catch red flags on defaults and stress early on.
Ravi Krishnan@writesravi
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The...
