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Kotak Mahindra Bank’s Response

Kotak Mahindra Bank (KMB) sent the following response to this analyst’s article, “KMB Talks of “Highest Standards of Corporate Governance”, But Avoids...

Kotak Mahindra Bank Talks of “Highest Standards of Corporate Governance”, But Avoids Telling Shareholders...

On the one hand, Kotak Mahindra Bank (KMB) is proudly broadcasting to shareholders its thoughts on the virtues of corporate governance, and...

ICICI Bank, KMB 1Q Conferences: Media and Analysts’ Silence Is Not Golden for Stakeholders

EXECUTIVE SUMMARY. According to the grand theory of capitalism and the free market, competition anoints the customer as king. In the capital...

Major Theft in ICICI Bank’s Currency Chest Heightens Concerns of Poor Controls

EXECUTIVE SUMMARY. On July 19, 2022, based on a police press release, the media reported (here and here) a major theft in...

Broader Implications of the SEBI Indictment of Kotak Companies

The Securities and Exchange Board of India (SEBI)’s order dated June 30, 2022 indicted not only the senior-most executives of Kotak Mahindra...