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...
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...
Former ICICI Bank CEO Chanda Kochhar has been indicted by the Justice BN Srikrishna panel for violating the bank’s code of conduct. Following this, the bank has decided to consider her resignation submitted on October 4, 2018 as a ‘termination’ and recover the bonuses paid to her since...
India's richest man's endorsement of Congress candidate Milind Deora is a significant development in the current political climate, say political observers. NEWS18/04/2019 9:18 PM IST Chairman...
Viswanath Pilla@viswanath_pilla Experts who participated in a panel discussion on CNBC-Awaaz on the Kotak Mahindra Bank-Reserve Bank of India (RBI) dispute over promoter stake dilution feel the bank’s promoters need to comply...
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...
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...
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 Y   The...
As Rana Kapoor, the co-founder and chief executive officer of Yes Bank Ltd., prepares to exit officetwo months from now, both he and the bank he built have become subjects of intense scrutiny. On Tuesday, rating agency Moody’s Investors Service cut the bank’s rating citing corporate governance concerns. The agency cited recent resignations from the...
“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.”