How Axis pipped Kotak in Citi race + SEBI’s latest order to help debt recovery

It’s not just a higher offer that won Axis the deal + The market regulator finally comes to the rescue of long suffering bond investors.

Furquan here. The world of finance made big news this week. Uday Kotak ended his tenure at IL&FS on a high and further secured his place at the top of Indian banking today. But how did he end up losing the deal to buy Citibank’s retail assets in India to Axis Bank? Axis Bank, led by Amitabh Chaudhry, played it smart. Separately, SEBI had some good news for bond investors who have suffered the most when it comes to recovering money from defaulting companies. The answer is in blockchain. Read on. 

The clause that helped Axis clinch deal

On 29 …


Advait Palepu

Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.




Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

Editor, Banking