AuthorRanina Sanglap Gaurav RaghuvanshiThemeBanking Many Indian nonbanking financial companies may remain short of funds as investors become more cautious and the economy contracts, adding risks to the broader financial system. Indian authorities have recently stepped up efforts to improve liquidity for nonbanking...
“Once a bank is put under a moratorium, its deposit franchise is irrevocably eroded, as banking is all about trust,” Hazari wrote.
“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.
"He should have resigned earlier [if he was peeved]…. You can’t be like an independent commentator in position of office and make statements which are destabilising,” Hazari told Forbes India.
Moneylife Digital Team10 January 2020 Uttam Prakash Agarwal, an independent director and chairman of the audit committee of the board of Yes Bank has resigned, while making certain observations on the governance of the bank. While confirming the resignation, Yes Bank has said,...
3 min read. Updated: 16 Dec 2019, 12:38 AM ISTShayan Ghosh As many as 10 banks disclosed they had under-reported NPAs of close to ₹24,000 crore in the year ended 31 MarchThe country’s largest lender, SBI, reported the largest bad loan divergence so far this year,...
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...
Yes Bank watchlist also highlights the failure of credit rating agencies and analysts to spot  anomalies and catch red flags on defaults and stress early on. Ravi Krishnan@writesravi Y   The...
“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
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...