Source : SIFY Author : Finance Desk Last Updated: Tue, Feb 18th, 2020, 15:27:53 hrs
India's most trusted, rich, and successful banker - Uday Kotak is alleged to have made gains of Rs 23,000 crores. The allegation has been made by financial analyst Hemindra Hazari, a SEBI registered analyst and columnist.
For...
Former ICICI Bank CEO Chanda Kochhar has been indicted by the Justice BN Srikrishna panel for violating the bank’s code of conduct. Following this,
the bank has decided to consider her resignation submitted on October 4, 2018 as a ‘termination’ and recover the bonuses paid to her since April 2009,
which...
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...
“When all group companies are constrained by liquidity problems, the strongest company will get impacted as a natural fallout,” said Hemindra Hazari
Updated: 15 Feb 2022, 12:00 AM IST Jayshree P. Upadhyay
In the notes to account, the auditor for Sintex-BAPL highlighted an inter-corporate deposit given to Sintex Industries
Author Ranina SanglapTheme Banking
India's nonbanking financial companies will need to choose between cheaper money and less onerous regulation if the central bank accepts a proposal by an internal panel to allow large NBFCs to convert into banks, analysts say.
An internal working group of the Reserve Bank of India recommended...
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...
Yashwant Sinha, Prashant Bhushan and others on Cobrapost’s Expose on what they claim is “India’s biggest financial scam.’Posted by The Quint on Tuesday, January 29, 2019
An investigation by Cobrapost claims, Dewan Housing Finance Corporation Limited (DHFL) through layers of shell companies allegedly siphoned off Rs 31,000 crore out of total bank loans...
As Rana Kapoor, the co-founder and chief executive officer of Yes Bank Ltd., prepares to exit officetwo months from now, both he and the bank he built have become subjects of intense scrutiny.
On Tuesday, rating agency Moody’s Investors Service cut the bank’s rating citing corporate governance concerns. The agency cited recent resignations from 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,...
