In the same interview, we asked Mr Bhave about the fate of two companies, Shyam Tele and SVPCL, whose shares were denied listing by the stock exchanges as well as SEBI after a corporate action after in-principle permission to list had already been granted. The refusal of listing permission affects companies far less than it affects investors; and both have moved court against SEBI’s order to...

Talk to real estate developers around the country and they will tell you that demand for residential property remains robust at a price point of Rs35 lakh per apartment. They only admit to a 20% decline in prices from their peak levels. However, the truth is that few transactions are actually happening. The feel-good factor about the Indian economy has ended. While the government dithers over...

Borrowers are not as helpless, nor banks as aggressive

When man bites dog, it makes news. Similarly, when a big and powerful bank goes after a seemingly helpless borrower, it makes great media copy. Personally, I believe that stories about individuals who pull a fast one over big banks and finance companies is also newsworthy but banks rarely want to admit in public that they were cheated by...