Worried customers have been queuing to withdraw money from India's Yes Bank after the country's central bank seized control of the troubled lender.
The Reserve Bank of India (RBI) said it wanted to "quickly restore depositors' confidence" in the bank.
Depositors with Yes Bank can now only withdraw the equivalent of...
The Bombay High Court on Monday declined Kotak Mahindra Bank’s plea for a stay on the Reserve Bank of India (RBI)’s December 31 deadline to reduce its promoter stake holding.
This, in effect, would mean that the private sector lender has a little more than 10 days to lower its...
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...
The issue here is governance and that the bank's board of directors did not have formal oversight despite RBI suggesting to banks to have an IT Strategy Committee in its April 2011 circular, according to Hemindra Hazari, SEBI registered independent analyst.
"When smaller banks and even NBFCs had IT Strategy...
By Niha Masih
January 28, 2023 at 4:57 p.m. EST
Article can be read here
An incendiary speech by a senior Reserve Bank of India (RBI) official last Friday blew the lid off an increasingly toxic dispute between the central bank and the government of Prime Minister Narendra Modi over monetary policy and who controls the institution's reserves, Reuters has reported.
While historically there have been differences...
13 Jan, 2021
AuthorGaurav Raghuvanshi
Investor aversion and strained government finances could complicate the capital plans for some Indian banks, particularly state-owned ones, after the central bank's latest stress tests indicate that some lenders' capital could fall below minimum regulatory requirements this year in the aftermath of the coronavirus pandemic.
As forbearance...
“It is a positive development. It should be followed up with the criminal action because disinformation by banks is criminal under section 46 (1) of the Banking Regulation Act 1949,” said independent banking analyst Hemindra Hazari.
