Securities lawyer Sandeep Parekh has accused SEBI analyst and The Wire columnist Hemindri Hazari, who also happens to be a columnist at the Wire, of writing a slanted opinion piece on HDFC Bank's process to determine the new MD based on established falsehoods
OPINDIA...
KATYA NAIDUMAY 29, 2019, 19:43 IST
IndusInd Bank’s provision for losses from IL&FS may be too little too late, according to an analyst.The provision for bad loans in the latest quarter should have come at least eight months ago,...
The second such case at SBI puts the auditors' role under scanner; SBI becomes the 10th bank to falter in reporting non-perfoming assets based on RBI guidelines
BY SALIL PANCHAL, Forbes India Staff 2 min read PUBLISHED:
Dec...
Worried customers have been queuing to withdraw money from India's Yes Bank after the country's central bank seized control of the troubled lender.
The Reserve Bank of India (RBI) said it wanted to "quickly restore depositors' confidence" in the bank.
Depositors...
Swati Bhat, Nupur Anand 4 MIN READ
MONEY NEWSJULY 14, 2019 / 7:32 PM /
DHFL reported a net loss of 22.23 billion rupees ($324.3 million) for the quarter ended March 31, in a regulatory filing late on Saturday....
Experts say the appointment of an additional director on its board is RBI's way of having its eyes and ears in the bank
BY SALIL PANCHAL Forbes India Staff2 min read PUBLISHED: May 22, 2019F
While the media was occupied with the government’s sudden move to replace the board of Infrastructure Leasing and Financial Services (IL&FS), another drama was playing out at the swanky headquarters of the firm. The Serious Frauds Investigation Office (SFIO) was primed to spring into action, even as the...
For the last three years, HDFC and Kotak Mahindra Bank have individually received more complaints than the all-banks average of 1.4 complaints per branch.
Shruti Jain BANKING
Jaipur: India’s private banks were once again the worse...
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,...
India’s federal police filed a case alleging that former ICICI Bank Ltd. Chief Executive Officer Chanda Kochhar got “illegal gratification” for approving a loan to the Videocon Group in violation of the lender’s credit policy and regulatory provisions.
In the filing at a police...
