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“Apparently the RBI’s internal working group has succumbed to corporate pressure to call for the entry of industrial houses into banking, where matters of connected lending are always of paramount concern,” says Hemindra Hazari, an independent banking expert
Hemindra Hazari, Independent Analyst: It is unusual. It introduces a political dimension and political risk. Business, especially for banks which are highly leveraged and manage public monies, tend to get identified with parties if their promoters publicly support one party or another, so I feel they should publicly remain apolitical. Uday Kotak publicly backed Modi during demonetisation and now that BJP’s electoral prospects are looking doubtful, he is backing the Congress party.
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Hemindra Hazari’s view of Aditya Puri was highly nuanced: he acknowledged Puri as an exceptionally successful banker, but was consistently sceptical of the “Puri...
When the Local SBI Branch Manager was Considered Superior to the RBI Deputy Governor
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Rabindra Kishen Hazari Jr.
Some of Dad's (the late R.K. Hazari) most exciting work, which we closely witnessed as kids, was the spread of modern...
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On July 13, 2026, the Supreme Court of India upheld the penalty imposed by the Securities and Exchange Board of India (SEBI) and delivered...
Kotak Mahindra Bank: Time for a fresh push
“To be fair to Vaswani, he was parachuted in from the outside in a very tough period. He inherited legacy issues from Uday Kotak’s...
R K Hazari Industrial planning and licensing policy expert
By Mausam Kumar
Series on Indian Economists by Azim Premji University
Article can be read here













