As Yes bank readies for a change at the top, senior group president Monga tells that things can only get better for the private-sector bank
So will a private sector banker or a public sector banker grab the chance?
The development led to a fall in Kotak’s share price on Monday.
The task at hand for Jayakumar, Sankara Narayanan and Karnam Sekar is of monstrous proportions.
Bank lending to micro and small enterprises — non-priority sector — contracted 1.4%.
RBI & govt are likely to step back on many issues, but NBFC liquidity remains a bone of contention.
RBI denied his extension even as the bank’s board sought an extension for him till April at a minimum.
The sheer size and diversity of IL&FS coupled with a whole host of other problems inlcuding liquidity could make quick resolution difficult.
The new bankruptcy framework has helped quicken the resolution process and increased opportunities in the distressed space.
Our strategist expects 11,500 on Nifty, pricing in 15% earnings growth for next couple of years: Kumar
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