In a piece published in The Wire a month later, Hemindra Hazari, an independent research analyst registered with the Securities and Exchange Board of India, called this “one of the more odd episodes in the history of banking regulation”.
“The settlement was more or less a win for the bank’s promoter, Uday Kotak and...
BHAKTI MAKWANA NOV 8, 2021, 12:46 IST
By energy reporter Daniel Mercer
Tim Buckley has spent much of his career in finance traversing the proverbial energy landscape.
For much of that time since 2010, those travels have taken him to India, where eye-watering sums of money are being spent energising a country trying to lift more than a billion...
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. It also said it had defaulted on the interest payments...
“In the current faltering economy, the bank is unlikely to increase its net interest margin and its fees to compensate for the expected higher credit costs and if it is unable to continue with its earlier strategy, shareholders should expect a decline in its profitability," Hazari wrote in a note
“Q1 FY20 is expected to be poor on account of stressed loans slipping to NPAs,” says Hazari.
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...
THE NEWS SCROLL 17 FEBRUARY 2020 Last Updated at 8:56 PM | SOURCE: IANS
''RBI relaxation led to Uday Kotak gaining over Rs 23,000 cr''
New Delhi, Feb 17 (IANS) The relaxation in norms for private sector banks have resulted in a staggering windfall gain of Rs 23,300 crore to Uday Kotak,...
