Why is Uday Kotak being singled out for his bank’s success?

‘I find the RBI edict to the Kotak Mahindra Bank to reduce Uday Kotak’s shareholding very unreasonable,’ says Sudhir Bisht. Think of an enterprise that obtained a banking licence in 2003 when the public sentiment firmly preferred banking with ‘safe’ public sector banks as compared to the rookie private sector banks. The odds of success were firmly stacked against the […]

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India is about to get its 3rd central bank governor in 3 years. Markets are concerned

On Monday, Reserve Bank of India Governor Urjit Patel became the fourth high-profile official in the country’s finance and economic sector to leave his position. Arvind Subramanian, a former chief economic advisor, stepped down in June and Arvind Panagariya, former vice chairman of government think-tank Niti Aayog, left last year. Patel’s predecessor, Raghuram Rajan, also stepped down in 2016 after […]

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