The lacklustre performance of Tata Capital reflects limited investor appetite for quality non-banking financial companies in India, said Hemindra Hazari, a SEBI-registered independent research analyst. “The growth prospects for all financial intermediaries are limited as the Indian economy is in the midst of a slowdown and quality employment is bleak...
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 with regulations in spirit and not just in letter. The Bombay High Court on April 22 adjourned hearing in...
10 min read . Updated: 24 Feb 2022, 01:14 AM IST Jayshree P. Upadhyay
The second such case at SBI puts the auditors' role under scanner; SBI becomes the 10th bank to falter in reporting non-perfoming assets based on RBI guidelines  BY SALIL PANCHAL, Forbes India Staff 2 min read PUBLISHED:  Dec 13, 2019 03:30:20 PM IST UPDATED: Dec 13, 2019 06:04:59 PM IST The role of auditors on...
New suggestions says corporates may become promoters of banks. They could also make NBFCs more competitive, and generate more interest for banking licences  BY SALIL PANCHAL, Forbes India Staff5 min read PUBLISHED: Nov 21, 2020 09:23:16 AM IST UPDATED: Nov 21, 2020 10:31:58 AM IST The Reserve Bank of India’s internal working group (IWG) has,...
KATYA NAIDUMAY 29, 2019, 19:43 IST IndusInd Bank’s provision for losses from IL&FS may be too little too late, according to an analyst.The provision for bad loans in the latest quarter should have come at least eight months ago, says Hemindra Hazari. To start with, Mumbai-based IndusInd’s profits fell by 62%...
The role of independent directors is clearly defined, yet many of them feel they play a cameo role in a company, often failing to red flag fraudulent activity and serious governance lapses that eventually compromise minority shareholders' interests  BY NEHA BOTHRA 11 min readPUBLISHED: May 4, 2022 11:02:32 AM ISTUPDATED: May 4, 2022...
Indiabulls Housing Finance is back to business after its failed proposed merger with Lakshmi Vilas Bank. But experts say financial institutions may not lend to company given its current market scenario  BY SALIL PANCHAL, Forbes India Staff 3 min read PUBLISHED: Oct 18, 2019 03:17:04 PM IST UPDATED: Oct 18, 2019 06:53:38 PM IST ...