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Uday Kotak says heirs are choosing to manage family money rather than run real businesses. This lament doesn’t stand scrutiny.
As a confidante of Byju Raveendran and the edtech company’s chief strategy officer, Anita Kishore holds the key to all the murky financial dealings. But, save for the founders ensconced in Dubai, no one has a clue to her whereabouts.
The resignation (and hasty send-off) of joint MD K.V.S. Manian has only added to the problems besetting India’s fourth largest private sector bank.