As the sordid saga of events at IndusInd Bank unfolds, it is possible the coming days will see more skeletons tumble out of its closet. Within days of a forensic audit by Grant Thornton having found—as reported by Mint—that senior bank officials were aware of lapses in its accounting of derivative trades (that led to…
The asset quality pain emerging from the microfinance sector has intensified, with most private sector banks and some state-owned lenders getting singed by a surge in delinquencies. While some of the elevated stress was due to seasonal agriculture loan slippages, which tend to rise in the first and third quarters of each financial year, much…
Finance Minister Nirmala Sitharaman is set to present the full-year Union Budget for FY24-25 on July 23, 2024. The impact of the Union Budget on the equity market has reduced notably over the past few years with the government undertaking most of the reforms outside the purview of the Budget. However, this upcoming Budget is…
