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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.
Even as the exercise to find a successor to Uday Kotak is on, questions remain on the role to be played by the founder in the country’s fourth largest private bank.
Kotak Mahindra Bank is at a crossroads. Its founder and CEO of 20 years, Uday Kotak, is stepping away from his executive role at the end of the year. But with no succession plan announcement yet, the question of who takes the helm at India’s fourth largest private sector bank remains up in the air.
That uncertainty is playing out in the tepid performance of its shares. The Kotak Mahindra Bank stock, in the last year, has gained just 2% when shares of most of its peers as well as the Nifty Private Bank index have turned in double-digit growth. …
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.
