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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With the founder and departing CEO due to retire next month, it won’t be easy for India’s youngest universal bank to fill the vacuum at the top.
Bandhan Bank is at a crossroads. The private sector lender today has the most crucial task on its hands in its almost decade-long journey as a universal bank: finding a successor to its outgoing chief executive.
While a transition at the corner office is nothing unusual, it assumes enormous importance here. Chandra Shekhar Ghosh is no ordinary CEO. In a little more than two decades, Ghosh has turned Bandhan from a humble microfinance company to a full-fledged commercial bank, steering the ship all along.
So, when he announced recently that he would retire on 9 July—after three consecutive terms at …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
