What’s behind the Cholamandalam stock surge?
Inadequate bad debt provisioning in the face of declining asset quality has helped the company clock impressive profit growth.
September 16, 2022•9 min
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September 16, 2022•9 min
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Business
Karnataka Bank urgently needs a permanent CEO
For the past three months, the Mangaluru-based private sector lender hasn’t had a full-time chief executive. But finding a successor is as important as fixing the bank’s worrying financials.
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The increasing convergence of sales and service functions, with consequent non-stop pressure to meet targets, has seen employees jump ship in droves. This has the potential to adversely impact the financial institutions’ health.
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The bank, following its March 2020 bailout, may have gone overboard in its quest for safety. That may soon change as it looks to acquire a microfinance business with the promise of high returns.
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Is Sumant Kathpalia hurting his chances of a third term as IndusInd Bank CEO?
Already on a two-year extension (instead of the usual three), the banker hasn’t really moved the needle on the tasks he was set. Plus, his demand for a hike seems to be a fresh irritant for the RBI.