“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.
As Hemindra Hazari, a Sebi-registered independent research analyst, has pointed out in his report, “Bank boards have clear-cut policies on the approval powers of all the staff, which have to be followed. As the CEO and ED report to the board of directors, they have to be in compliance with...
“Q1 FY20 is expected to be poor on account of stressed loans slipping to NPAs,” says Hazari.
By Andrée Schupp, in New DelhiPublished on
05/11/2022 at 18:00
Sucheta Dalal 22 April 2021
On 10th April, The Times of India published a report to say that major banks, including State Bank of India (SBI), Bank of Baroda, Bank of India and HDFC Bank, had moved the Supreme Court (SC) of India to recall its six-year old judgement of 2015, which...
3 min read. 09:31 PM IST Dhirendra Tripathi
It all started on 24 Jan when independent director Sandeep Parekh panned a news report that said HDFC Bank had roped in the services of Egon Zehnder to identify a successor to Adita Puri
Blame the medium. It’s social media and it’s Twitter, which...
The regulatory action started after a report by a SEBI-registered analyst Hemindra Kishen Hazari highlighted concerns about Axis Capital’s high-risk transactions earlier this year.
“This government supports Adani and will not allow any harm or any detriment to come to it,” said Hemindra Hazari, a Mumbai-based independent expert on Indian corporate finance.
It seemed “abnormal” for LIC to invest such large sums of money in a private corporate entity, said Hazari, who previously worked...
