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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.
As Prashant Kumar’s term runs out, boardroom fault lines have left the lender with no clarity on its next CEO—spooking investors and drawing the RBI’s ire.
Prashant Kumar, the chief executive officer of Yes Bank, has reason to feel frustrated. With barely months left of his extended tenure, he still has no clarity on whether he will continue at the bank he pulled back from the brink—now stable enough that private equity and foreign investors are lining up to buy a stake.
Kumar’s original term was set to end in October 2025. After the bank missed the regulatory deadline for either reappointing him or naming a successor, there was widespread speculation that he would not get an extension. He eventually did, but only a limited one. …
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.
