RBI “No” To Yes! End of Road for Rana Kapoor?


RBI yesterday notified Yes Bank its disapproval for the current CEO, Mr. Rana Kapoor, to continue for another 3 years. Instead it has curtailed his continuity to this position to 31st Jan 2019, a little more than 4 months from now. Keep in mind that the Board of Governors for…

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Women Power in Indian Banking- Is The Sheen Waning off?


Year 2018 first half is turning out to be a watershed moment not only for Indian Banking (fraud, NPA), but also for women power in Indian banking. Rise of women leadership in Indian banking is legendary and is a matter of pride in otherwise highly gender biased corporate world globally….

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Dirty Banking; The Naked Dance of Indian Banks Asuras


Yesterday, 8th April 2018, PNB Chief tried to assuage investor fears by saying that it will be out of the Nirav Modi fraud in 6 months. My immediate question is “so who’s next?” Earlier we had argued why Nirav Modi in Indian banking is synonymous with ‘John Doe’, just a…

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Why RBI Is In Choppy Waters?


It is funny to note that while RBI kept itself busy counting notes, another big man of dubious means kept himself busy with counting money as well. Only difference is that RBI was counting demonetized notes while this other big jewelry guy was counting all valid notes. The end was…

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Was The PNB Fraud Declaration A Very Well Planned Event?


We don’t want to believe this but one part for sure, Nirav Modi’s fleeing the country “just in time” needs a lot of answering. The Japanese may be cringing in their seat if they see how India adopted their “Just in Time” concept! But that’s not all! PNB raised INR…

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Why The Nirav Modis Are So Common In PSB Banks!


While many eyebrows are being raised on the obscene value of the fraud detected at PNB (~11000 cr INR/ 1.8 BN USD); it holds no surprise if one understands the psyche of Indian banks, primarily the PSUs. Vijay Mallya did the same thing, brazenly taking the banks for a ride…

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The Mood(y) on Demonetization


Yesterday in a dramatic turn of events, Moody upgraded country rating of India after nearly 14 years and demonetization was cited as one of the economic reforms triggering the same, along with GST and others. While the upgrade caught everyone by surprise but citing demonetization is the more surprising element,…

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