NAVDEEP YADAV DEC 16, 2020, 10:27 IST
In the past two years, more than eight robbery cases amounting up to ₹700 million in the top NBFC companies like IIFL, Manappuram Finance, and Muthoot Finance have been reported.Although the gold ornaments held by these firms are insured, the insurance may also...
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...
Hemindra Hazari, a Mumbai-based independent banking analyst, said the government should improve management of state-owned banks and strengthen their governance norms instead of privatizing them.
"You have to strengthen your governance norms. You should put in structures, change the management to address the problems," Hazari said. "That is where...
“He’s not only on an acquisition spree and banks are willing to fund him,” but he has close ties to the current administration, Hazari said. “As long as this government lasts — and it is expected to last quite a long time — the music will continue.”
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 stressed loan chickens are coming home to roost for Yes Bank. To extend the avian analogy, is Yes Bank the canary in a...
HEMINDRA HAZARI
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HEMINDRA HAZARI
By admin Posted March 5, 2019 In Speaker / Gateway 0
SEBI-registered research analyst Hemindra Hazari brings a lot of fire power to his talks. The cannons he fired at last Tuesday’s meetings were honest, brutal and showed up the mess India’s finance companies have woven around themselves. And all...
By energy reporter Daniel Mercer
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RBI measures won't affect existing customers. Similar measures could be taken for larger banks that faced recent outages
TopicsHDFC Bank | RBI | Digital banking
Subrata Panda & Anup Roy | Mumbai Last Updated at December 4, 2020 01:20 IST
The Reserve Bank of India (RBI) on Thursday morning directed the country’s largest private sector lender, HDFC Bank, to temporarily...
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 with regulations in spirit and not just in letter.
The Bombay High Court on April 22 adjourned hearing in...
