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...
“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.”
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....
“The fine of 20 million rupees is insignificant but the risk of the RBI placing restrictions on the bank has gone up substantially,” said independent analyst Hemindra Hazari
"It would have been a shocker if RBI would have approved the merger. I am surprised RBI did not announce its decision earlier as the entity was in the news for the wrong reasons,” asserts research analyst Hemindra Hazari.
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...
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...
Banks in India might never be in for a more challenging, or should one say, exciting phase. In the next two years, some of the biggest new private sector banks in India—ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank and HDFC Bank—will have new leaders. The exits of the leaders...
Author Gaurav Raghuvanshi Rebecca Isjwara DBS Group Holdings Ltd.'s ambitions to grow in India may get a leg up after the nation's central bank proposed it take over Lakshmi Vilas Bank Ltd., an ailing local lender, by infusing 25 billion rupees of additional capital.