The RBI’s ban has dealt a body blow to India’s fourth largest private sector lender. The implications go beyond just the numbers.
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The Yes Bank CEO ushers in a spate of changes in the retail banking business to stem its loss-making streak.
SBI is in discussions with its French partner on the contours of a near Rs 20,000-crore listing of the mutual fund house. But challenges in the form of a unique shareholder agreement and the recent poor performance of the AMC could derail plans.
The Sandeep Bakhshi-helmed private lender has moved swiftly to grab a bigger slice of the corporate loan action, posing a threat to what was once HDFC Bank’s bastion.