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.

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

ICICI Bank Ltd: Outperformance Continues; Maintain BUY

<ul>
<li>Major theft of Rs 342 mn ($4.3mn) in <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> 's currency chest near Mumbai</li>
<li>Apparently a single ICICI Bank staff responsible and shockingly had sole access to the currency chest </li>
<li>Reflects extremely poorly on ICICI Bank's currency chest security protocols and processes and heightens concerns of reputational and operational risk at the bank</li>
</ul>


Major theft of Rs 342 mn ($4.3mn) in ICICI Bank Ltd (ICICIBC IN) 's currency chest near Mumbai
Apparently a single ICICI Bank staff responsible and shockingly had sole access to the currency chest 
Reflects extremely poorly on ICICI Bank's currency chest security protocols and processes and heightens concerns of reputational and operational risk at the bank


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