Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin Mangal is a Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial newspapers such as Wall Street Journal, Business Standard etc

Forensic Analyst

ICICI Bank: Don’t Heed Malicious Rumours, Trust in God

NSE Nifty Bank Index (NSEBANK INDEX EQUITY)

<p><a href="https://www.smartkarma.com/entities/547" target="_blank" data-smartkarma-citation="entities:547:1">ICICI Bank Ltd (ICICIBC IN)</a> ‘conflict of interest’ saga has caught the attention of every business media house, analyst and investors community. The news is more focused on Ms. Chanda Kochhar (CEO of ICICI Bank) husband’s advisory business which talks about potential conflict of interest while lending to few corporate entities.  In such scenario of uncertainties, the presence of such conflicts of interest in other private sector banks cannot be ruled out. The ICICI Bank saga was on the conflicting business of CEO’s spouse, however, no one has questioned on possibilities of such conflicting businesses owned by the directors on the board of many of these private sector banks.</p><p>We tried to dig into the details of entities that are into businesses such as financial advisory or investment banking or debt syndication, which are being owned/ under directorship of persons, who are also occupying seats on the board of 19 private sector banks.</p>

ICICI Bank Ltd (ICICIBC IN) ‘conflict of interest’ saga has caught the attention of every business media house, analyst and investors community. The news is more focused on Ms. Chanda Kochhar (CEO of ICICI Bank) husband’s advisory business which talks about potential conflict of interest while lending to few corporate entities.  In such scenario of uncertainties, the presence of such conflicts of interest in other private sector banks cannot be ruled out. The ICICI Bank saga was on the conflicting business of CEO’s spouse, however, no one has questioned on possibilities of such conflicting businesses owned by the directors on the board of many of these private sector banks.We tried to dig into the details of entities that are into businesses such as financial advisory or investment banking or debt syndication, which are being owned/ under directorship of persons, who are also occupying seats on the board of 19 private sector banks.

AU Small Finance Bank Limited (AUBANK IN)

Banks' Board: Minefield of ‘Conflicts of Interests’?