HDFC Bank: The Puzzle of Stand-Alone Operating Expenses Being Higher than Consolidated
In comparing a company’s stand-alone expenses with its consolidated accounts, it is highly unusual for the consolidated numbers to be lower than...
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Shriram Transport Finance – Significant Reserve Shortfall
*Better Stated Results Not All What Cracked Up To Be: Shriram Transport Finance (SHTF.IN) [Shriram] reported FY 1Q21 results of INR 3.2 bn,...
256 Views
Bank of Baroda – Toxic
*Stressed To The Core: Bank of Baroda (BOB.IN) [BOB] reported FY 1Q21 results of negative INR 8.6 bn, declining 271% from the positive INR 5.1 bn...
224 Views
ICICI Bank Placement - Last of the Big Private Bank Raising
ICICI Bank Ltd (ICICIBC IN) launched its qualified institutional placement (QIP) overnight, to raise around US$2bn. I had taken a look at the deal...
347 Views
Covid-Era Restructuring: Look Under the Hood Before Giving Relief
The Covid-19 outbreak and the resulting lockdown have caused widespread economic devastation, particularly in urban and commercially developed...
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