Specialist in Indian Banking and Economic Research

Hemindra Hazari

Is a Securities & Exchange Board of India (SEBI) registered research analyst with over 25 years experience in the Indian capital markets with a specialization in banking and economy research and has managerial experience of establishing profitable equities business, leading and mentoring analysts.  He has worked with prominent foreign and domestic capital market firms such as UBS, Societe Generale, HSBC, ASK Raymond James  and Karvy Stock  Broking and is a regular guest on business media channels and is respected for his non-consensus view on stocks and the market.

Foreign Investors in HDFC Apply Their Minds, Nearly Give Chairman the Boot

How HDFC Recovered Most of Its IL&FS Investment – At the Cost of Other Lenders

The Significance of Caesar’s Wife for the HDFC Board

Reliance Naval Sinking into NPA: Yes Bank To Take a Hit

Yes Bank Reports Handsome Growth in Misreporting

<p><strong>Why should one of India’s most respected firms, one which trades at 5.2x consolidated book value, with total gross NPAs of barely over 1 per cent, go to great lengths to avoid classifying as NPA its relatively small loan to the sinking firm Reliance Naval Engineering (RNE)? What does it indicate about the state of HDFC’s corporate lending?</strong></p>

Why should one of India’s most respected firms, one which trades at 5.2x consolidated book value, with total gross NPAs of barely over 1 per cent, go to great lengths to avoid classifying as NPA its relatively small loan to the sinking firm Reliance Naval Engineering (RNE)? What does it indicate about the state of HDFC’s corporate lending?

HDFC’s Strange Refusal to Classify Reliance Naval as an NPA

HDFC Limited

HDFC’s Strange Refusal to Classify Reliance Naval as an NPA