In the fourth and last instalment in our series on inspection reports of the Reserve Bank of India (RBI), called risk assessment reports (RARs), we take a look at the HDFC Bank. Our previous reports were focused on State Bank of India, Axis Bank and ICICI Bank. These reports were procured by...
On 4th July, instead of a celebratory statement at successfully navigating the penultimate hurdle in its bid to acquire Essar Steel, Arcelor Mittal issued a cryptic one-line press release: “We note today’s ruling by the NCLAT (National Company Law Appellate Tribunal). We need to review the full written order to understand any implications on completion of the transaction.”
The Reserve Bank of India (RBI) failed to do any credit analysis of the top 20 borrowers of ICICI Bank, even as their share had grown to 20.30% and had exposed the bank to increased risk.
On 26 June 2019, confronted with a contempt petition filed in the SC of India by activist, Girish Mittal, the RBI finally disclosed the hitherto confidential annual inspection reports, called risk assessment reports (RARs), of select banks for the years FY12-13, FY13-14 and FY14-15
SRF Limited, led by Arun Bharat Ram (chairman), Ashish Bharat Ram (managing director) and Kartik Bharat Ram (deputy managing director), makes chemicals and polymers, technical textiles and packaging films
After a long battle with the RBI from 2016 Girish Mittal, a dogged RTI activist, was finally granted access to bank inspection reports for four years – 2012, 2013, 2014 and 2015
