2 min read. Updated: 04 Aug 2020, 10:52 PM IST Shayan Ghosh It remains to be seen how Jagdishan steers HDFC Bank's Massive loan book of over ₹10 trillion MUMBAI : With the Reserve Bank of India (RBI) clearing his appointment as the next chief executive of HDFC Bank, Sashidhar Jagdishan, has reached the...
BY SALIL PANCHAL, NEHA BOTHRA, 8 min read PUBLISHED: Mar 24, 2022 11:17:01 AM IST UPDATED: Mar 24, 2022 11:46:09 AM IST
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...
AUNINDYO CHAKRAVARTY 20H 14M AGO OPINION5 min read 4.7k ENGAGEMENT By the time Narenda Modi became Prime Minister of India, it was common knowledge that he was inheriting an economy riddled with bad-loans – loans that banks had given but were unlikely to be repaid. A wide range of numbers were...
“Once a bank is put under a moratorium, its deposit franchise is irrevocably eroded, as banking is all about trust,” Hazari wrote.
The RBI wants to see improved governance from private banks through proposed rules that limit the roles and tenures of CEOs. But will they work?  BY SALIL PANCHAL, Forbes India Staff 7 min read PUBLISHED: Jul 6, 2020 05:12:39 PM IST UPDATED: Jul 7, 2020 01:31:39 PM IST In November 2018, three independent directors...
“Some would call it strange for the same auditor to audit competing banks in the same year. What is even more unusual is that the accounts certified of both the banks by the same, individual statutory auditor have been found misleading by the statutory regulator,” Hazari had written in one of his columns for The Wire.
The audit income of Deloitte, EY, PwC, and KPMG could be hit due to the new capping and mandatory joint audit norms. They are auditing more than a dozen non-bank lenders and will have to give up many clients to comply with the mandate of the regulator. Mannu AroraETCFOMay 03,...