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...
While the media was occupied with the government’s sudden move to replace the board of Infrastructure Leasing and Financial Services (IL&FS), another drama was playing out at the swanky headquarters of the firm.  The Serious Frauds Investigation Office (SFIO) was primed to spring into action, even as the government moved...
HEMINDRA HAZARI HOME / SPEAKER / GATEWAY / HEMINDRA HAZARI 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...
Nikhil Inamdar & Archana Shukla BBC News, Mumbai “This is unprecedented,” says Hemindra Hazari, an independent business analyst. “Until yesterday it was allegations from the outside, now internal problems have become public. Something is seriously wrong.” But things could take a turn for the worse if the controversy snowballs further, says Mr...
Shareholder activism is here to stay, as many recent instances of pushback at companies like Zee and JSPL have shown. The writing on the wall is clear: If you want to build a public company, investors need to have an equal footing  BY POOJA SARKAR, Forbes India Staff 12 min read PUBLISHED: Sep...
India will likely need to pump in additional capital into any state-owned banks it puts on the block to make them attractive for potential buyers, and faces challenges that range from the need to amend the nation's banking laws to hostile employee unions, analysts say. Finance Minister Nirmala Sitharaman said...
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...
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,...