India's Worst Accounting Scandals
Report documents India's major accounting fraud cases including Yes Bank, Satyam Computer and others. Misappropriation features prominently, with...
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Asirvad Micro Finance Pre-IPO - Accelerating Profitability Growth but with a Litany of Legal Cases
Asirvad Micro Finance Limited (1053198D IN) is looking to raise around US$183m in its upcoming India IPO. In this note, we talk about the company’s...
433 Views
RBI Norms - Audit Giants Can’t Continue Their Cosy Arrangements with Private Banks and NBFCs
The integrity of audits in banks & NBFCs has received a major boost, while global audit firms have been dealt a body blow by the RBI’s new...
437 Views
Home First Finance Pre-IPO - Earnings Not Showing the COVID Strain but Other Metrics Are
Home First Finance is an affordable housing finance company targeting first time home buyers. It aims to raise US$200m in its India IPO. It is...
411 Views
RBI’s IWG Recommends Foxes Be Put in Charge of Chicken Coops: Cites Foxes’ Experience & Expertise
“What is the robbing of a bank compared to the founding of one?” – Bertolt Brecht. If RBI's IWG recommendation is accepted it will institutionalise...
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