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.

Major Theft in ICICI Bank’s Currency Chest Heightens Concerns of Poor Controls

ICICI Bank Ltd: Outperformance Continues; Maintain BUY

<ul>
<li>
<a href="https://www.smartkarma.com/entities/icici-bank-ltd" target="_blank" data-smartkarma-citation="entities:547:1" rel="noopener">ICICI Bank Ltd (ICICIBC IN)</a> &amp; <a href="https://www.smartkarma.com/entities/kotak-mahindra-bank-ltd" target="_blank" data-smartkarma-citation="entities:126:1" rel="noopener">Kotak Mahindra Bank (KMB IN)</a> actively covered by a large number of analysts</li>
<li>Significant issues of regulatory penalties on Kotak Bank subsidiary &amp; major theft in a currency chest of ICICI Bank. No clarification from both banks</li>
<li>Instead of demanding explanations from the banks during the 1Q concalls, media and analysts chose to remain silent</li>
</ul>



ICICI Bank Ltd (ICICIBC IN) &amp; Kotak Mahindra Bank (KMB IN) actively covered by a large number of analysts
Significant issues of regulatory penalties on Kotak Bank subsidiary &amp; major theft in a currency chest of ICICI Bank. No clarification from both banks
Instead of demanding explanations from the banks during the 1Q concalls, media and analysts chose to remain silent


ICICI Bank, KMB Q1 Conferences: Media and Analysts’ Silence Is Not Golden for Stakeholders