“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.
Adam Tooze Jan 28
Article can be read here
AUNINDYO CHAKRAVARTY 20H 14M AGO OPINION5 min read 4.7k ENGAGEMENT
By the time Narenda Modi became Prime Minister of India, it was common knowledge that he was inheriting an economy riddled with bad-loans – loans that banks had given but were unlikely to be repaid. A wide range of numbers were...
Swati Bhat, Nupur Anand 4 MIN READ
MONEY NEWSJULY 14, 2019 / 7:32 PM /
DHFL reported a net loss of 22.23 billion rupees ($324.3 million) for the quarter ended March 31, in a regulatory filing late on Saturday. It also said it had defaulted on the interest payments...
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 stressed loan chickens are coming home to roost for Yes Bank. To extend the avian analogy, is Yes Bank the canary in a...
निधि रायबीबीसी संवाददाता, मुंबई से
6 दिसंबर 2020
बैंकिंग क्षेत्र के शीर्ष नियामक, भारतीय रिजर्व बैंक की इस बात के लिए आलोचना हो रही है कि वो निगरानी की अपनी ज़िम्मेदारी ठीक से नहीं निभा पा रहा है. बीते 30 महीनों में भारत के पांच वित्तीय संस्थान घुटने टेक चुके हैं.
कहानी...
Shares of Zomato, Paytm parent One 97 Communications Ltd and Nykaa owner FSN E-Commerce Venture have fallen to their lowest levels since listing.
MarketEdited by Prashun TalukdarUpdated: January 24, 2022 1:30 pm IST
New Delhi: Shares of Zomato, Paytm parent One 97 Communications Ltd and Nykaa owner FSN E-Commerce Venture have fallen...
