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 STAFF FEBRUARY 4, 2020 A SEBI Research...
3 min read. 09:31 PM IST Dhirendra Tripathi It all started on 24 Jan when independent director Sandeep Parekh panned a news report that said HDFC Bank had roped in the services of Egon Zehnder to identify a successor to Adita Puri Blame the medium. It’s social media and it’s Twitter, which...
As sluggish economy hits retail sector, banks face increasing loan stress  BY SALIL PANCHAL, SAMAR SRIVASTAVA 3 min read PUBLISHED: Jan 31, 2020 09:26:51 AM IST UPDATED: Jan 31, 2020 09:33:35 AM IST The economic slowdown is starting to reveal its real impact. Banks, which in recent years had turned their focus from...
Grappling with bad loans, weak loan growth and leadership uncertainty, its valuation is under pressure Prathamesh Mulye Getty images It’s now an accepted fact that Indian banks leave too much to be desired in terms of maintaining clean books. One of the most high-profile bankers fell from grace due to his willingness...
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 performers in terms of customer satisfaction, according to the annual report of the banking...
Moneylife Digital Team10 January 2020 Uttam Prakash Agarwal, an independent director and chairman of the audit committee of the board of Yes Bank has resigned, while making certain observations on the governance of the bank. While confirming the resignation, Yes Bank has said, its board was scheduled to review...
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...
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 13, 2019 03:30:20 PM IST UPDATED: Dec 13, 2019 06:04:59 PM IST The role of auditors on...
Infosys’ stock closes 16.21% lower at ₹643.30 at the end of Tuesday’s trade over allegations of unethical practices by CEO Salil Parekh and CFO Nilanjan Roy. By NEHA BOTHRA,  Oct 22, 2019 4 min read Information technology (IT) giant Infosys’ stock took a severe beating at the bourses on Tuesday over allegations of...
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 18, 2019 03:17:04 PM IST UPDATED: Oct 18, 2019 06:53:38 PM IST ...