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.

The Puzzle of HDFC Bank’s Rapidly-Growing MSME Loans

HDFC Bank: Attractive Valuation with Near-Term Growth Triggers

HDFC Bank: Strong Results - In Line with Expectation

Sintex Loan Fiasco: Is RBL’s Acting CEO Fit to Be a Banker, Let Alone Run a Bank?

Return of the Genteel Low Profile Bankers

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

<ul>
<li>When stocks languish, or spiral downwards, it is not just shareholders whose wealth erodes. Senior executives, also suffer, as much of their personal wealth may be tied up in ESOPs. </li>
<li>Few HDFC Bank ESOPs  may be of concern to executives while many ESOPs of RBL Bank and Bandhan Bank are under water</li>
<li>ESOPs are a major retention tool for holding onto executives. If ESOPs are under water it may accelerate senior executive attrition worsening the situation</li>
</ul>


When stocks languish, or spiral downwards, it is not just shareholders whose wealth erodes. Senior executives, also suffer, as much of their personal wealth may be tied up in ESOPs. 
Few HDFC Bank ESOPs  may be of concern to executives while many ESOPs of RBL Bank and Bandhan Bank are under water
ESOPs are a major retention tool for holding onto executives. If ESOPs are under water it may accelerate senior executive attrition worsening the situation


When Bank ESOPs Go Under Water, Expect Senior Management to Be Distracted or Departing