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...
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
NEW DELHI―On Thursday morning, Milind Deora, the Congress candidate from Mumbai South constituency, tweeted a short video clip with a cross-section of people endorsing...
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 too, Kotak Mahindra Bank and its independent directors.
Ravi Krishnan@writesravi
As the battle...
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...
"It is apparent that Yes Bank is the bad boy in the eyes of the regulator," independent banking analyst Hemindra Hazari.
As Deutsche Bank AG veteran Ravneet Gill moves into the 27th floor of Yes Bank Ltd.’s headquarters in downtown Mumbai, he brings the curtain down on one of the...
Ravi Krishnan
There is this irrational joy mingled with relief that taxpayers feel on getting a tax refund, never mind that it was their money in the first place. Yes Bank investors too experienced that emotion last week when the lender revealed that RBI found its bad loan disclosures to...
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 April 2009,
which...
Yashwant Sinha, Prashant Bhushan and others on Cobrapost’s Expose on what they claim is “India’s biggest financial scam.’Posted by The Quint on Tuesday, January 29, 2019
An investigation by Cobrapost claims, Dewan Housing Finance Corporation Limited (DHFL) through layers of shell companies allegedly siphoned off Rs 31,000 crore out of total bank loans...
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 station in New Delhi, the agency...
Uday
Kotak is a cautious and savvy banker with deep and strong connections in the
business world. However, by no stretch, is he an activist. So, why would
he drag his regulator to court, especially the Reserve Bank of India (RBI)
which has always guarded its ‘independence’ or lack of public accountability
very zealously?
Kotak’s
decision,...
