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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.
The lender has reposed faith in a public sector veteran to bring its retail operations and governance standards up to scratch. The markets aren’t convinced yet.
On Monday, when shares of RBL Bank fell 22%, there was a sense of deja vu. Back in December 2021, when Vishwavir Ahuja, then CEO and managing director of the bank, “proceeded on leave with immediate effect”, the financial markets had reacted in similar fashion.
Vishwavir Ahuja’s exit was preceded by a rare intervention by the Reserve Bank of India, one that saw the central bank appoint one of its chief general managers, Yogesh Dayal, to the board of the bank.
For the markets, this brought back memories of the collapse of Yes Bank, and that is why, when they …
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.
