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.

Zuma Sacked, PNB Hacked and Bank of Baroda South Africa Axed

Hong Kong Monetary Authority–Blindsided by Indian Banks in HK - Could Increase Regulatory Scrutiny

<p>A perfect storm is brewing and <a href="https://www.smartkarma.com/entities/542" target="_blank" data-smartkarma-citation="entities:542:1">Punjab National Bank (PNB IN)</a> is in its eye. Soon after the stock market opened on February 14. 2018, PNB issued a letter to the stock exchanges that it had detected fraudulent and unauthorized transactions at one of its branches in Mumbai of US$ 1.77 bn. On February 12, 2018, PNB had a market capitalisation of US$ 6.1 bn and its CET-1 in end December 2017 was US$ 6.2 bn. The fraud constituted around a third of its market capitalization and its equity. It is no…</p>

A perfect storm is brewing and Punjab National Bank (PNB IN) is in its eye. Soon after the stock market opened on February 14. 2018, PNB issued a letter to the stock exchanges that it had detected fraudulent and unauthorized transactions at one of its branches in Mumbai of US$ 1.77 bn. On February 12, 2018, PNB had a market capitalisation of US$ 6.1 bn and its CET-1 in end December 2017 was US$ 6.2 bn. The fraud constituted around a third of its market capitalization and its equity. It is no…

Punjab National Bank

PNB Gives Away One-Third of Its Capital