3 min read. Updated: 16 Dec 2019, 12:38 AM ISTShayan Ghosh
As many as 10 banks disclosed they had under-reported NPAs of close to ₹24,000 crore in the year ended 31 MarchThe country’s largest lender, SBI, reported the largest bad loan divergence so far this year, under-reporting gross NPAs of ₹11,932 crore
Topics...
Please read disclosure here
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...
“Indian rating companies are reluctant to give poor ratings to companies before the default happens,” said independent analyst Hemindra Hazari, “They fear losing their clients.”
New suggestions says corporates may become promoters of banks. They could also make NBFCs more competitive, and generate more interest for banking licences
BY SALIL PANCHAL, Forbes India Staff5 min read PUBLISHED: Nov 21, 2020 09:23:16 AM IST UPDATED: Nov 21, 2020 10:31:58 AM IST
The Reserve Bank of India’s internal working group (IWG) has,...
The role of independent directors is clearly defined, yet many of them feel they play a cameo role in a company, often failing to red flag fraudulent activity and serious governance lapses that eventually compromise minority shareholders' interests
BY NEHA BOTHRA 11 min readPUBLISHED: May 4, 2022 11:02:32 AM ISTUPDATED: May 4, 2022...
“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.
By Andrée Schupp, in New DelhiPublished on
05/11/2022 at 18:00
