The bank chief is up for reappointment in six months, at a time when there’s an alarming level of stress on RBL’s books.
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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.
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.
The Indian government wants someone who toes its line in the RBI chair. The economy needs someone who can rise above being a yes-man.