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.

IndusInd Bank - Is the One-Off Exposure a Reflection of Its Risk Managment?

SBI – Abysmal State of Former Commercial Bank Subsidiaries Disclosed

SBI – Huge 4QFY2017 Losses, Dark Days Ahead

<p style="text-align: justify;">Rising net deferred tax assets (DTA) in a scenario of stagnant and depressed net profits is not a healthy sign as current years’ net profits get enhanced while sometime in the future the net DTA will get reversed impacting future net earnings. This trend is visible in Axis Bank and ICICI Bank and investors must exercise caution in interpreting financial statements on the future trajectory of earnings.</p><p>Deferred tax assets and deferred tax liabilities are created on account of the difference…</p>

Rising net deferred tax assets (DTA) in a scenario of stagnant and depressed net profits is not a healthy sign as current years’ net profits get enhanced while sometime in the future the net DTA will get reversed impacting future net earnings. This trend is visible in Axis Bank and ICICI Bank and investors must exercise caution in interpreting financial statements on the future trajectory of earnings.Deferred tax assets and deferred tax liabilities are created on account of the difference…

Rising Deferred Tax Asset - Not a Healthy Sign

Axis Bank Ltd

Rising Deferred Tax Asset - Not a Healthy Sign