Selected Tag: IL&FS
Selected Tag: IL&FS

Three Lines of Defence: Does the Model Still Defend or Even Hold?

From Satyam to YES Bank, the controls existed on paper. What failed was the flow of truth between the business, risk, audit and the board.

Rabi N. Mishra

Komal Gupta

November 6, 2026 at 6:27 AM IST

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A Hub That Moves Billions, but Falls Short on Living Amenities

GIFT City was meant to be India's answer to Singapore and Dubai. In April-June, its banks held over $120 billion in assets, but fewer than 25,000 people work there

Ganga Narayan Rath and Chirayu Sharma

October 27, 2026 at 11:43 AM IST

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giftgujarat.in

Seventeen Years After Satyam, Who Audits The Auditors?

Auditors are paid by companies they examine, but trusted by investors and lenders. Cases like Rajesh Exports raise questions about who they truly serve.

Krishnadevan V

June 9, 2026 at 6:34 AM IST

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istock.com

Bond Market-Making Needs Capital, Not Just Mandates

India wants market makers to revive corporate bond trading. Even gilts never got meaningful liquidity from mandates. Without risk capital, market-making will remain rhetoric.

R. Gurumurthy

February 12, 2026 at 7:22 AM IST

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PIB

Basis Shorts

The Bureau

India's Energy Transition: The Hard Part is Yet to Come
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