A registered research analyst's article had flagged the irregularity in Axis Capital's (ACL's) handling of a non-convertible debenture issue to the market regulator.
It was an article by Hemindra Kishen Hazari, titled "Is Axis Capital an Investment Bank or a Hedge Fund" and dated January 16, 2024, that brought the...
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,...
BY SALIL PANCHAL, Forbes India Staff 6 min read PUBLISHED: Dec 27, 2021 11:16:26 AM IST UPDATED: Dec 27, 2021 11:55:49 AM IST
With the sudden exit of its veteran chief executive and no clarity on RBI's stern intervention, the bank's new business strategy is unclear, say analysts
“RBL has been unable to provide clarity...
Rohini Mohan, India correspondent
“Groups that are perceived as politically connected can still tap the banks for loans,” says Hemindra Hazari, a Mumbai-based banking analyst. “If you are any other highly stressed group, then it is difficult for you.”
“The fine of 20 million rupees is insignificant but the risk of the RBI placing restrictions on the bank has gone up substantially,” said independent analyst Hemindra Hazari
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...
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...
