Why were banks eager to takeover DHFL?
The now imminent collapse of DHFL presents a huge systemic threat to the NBFC sector of India and raises questions about the larger picture involved...
Tag : ILFS
What was RBI doing?
In a recent board meeting of the RBI, its external directors have questioned as to why did the string of frauds that have gone undetected...
Business Tit-Bits: What was the RBI doing?
The collapse of the PMC Bank has brought into focus the role of auditors and the regulator again. Much as the Reserve Bank says that...
Business Headlines: Apex Highway Authority in the Dumps
One of the most important aspects of a nation’s infrastructure is building of roads and highways. In India, the nodal agency for responsible for construction...
#Video Business Tit-Bits: The Trust We Lost
This rampant lying and collusion all around the economy has resulted in a severe erosion of trust, such that the Mint reports that bankers do...
The Trust We Lost
If the auditors of PMC Bank have been a relatively unknown CA firm called Lakdawala & Co., those of ILFS were multinational giants like KPMG...
HW Exclusive: PNB, ILFS, now PMC- How RBI is failing India
With the five page confession letter dt. 21.09.19 to the RBI of Joy Thomas, the former MD of the crisis ridden PMC Coop. Bank, out...
Business Tit-Bits: More power to Amitbhai?
With a powerful and muscular government at the Centre, the central investigation agencies and regulators have been in the news regularly, whether it be regarding...
More Power to Amitbhai?
It is good to see the corrupt politicians being pursued, except that when they are selectively investigated, that means misuse of law for political purposes....
NHAI, a government ILFS
Despite the conflicting and contradictory statements about the state of affairs of NHAI emanating from the PMO, the concerned minister and its former top officials,...