Uday Kotak has built a financial services empire by erring on the side of caution. Will prudence now give way to risky bets? If IndusInd Bank is not put on the table, will he sniff at other banks? We track the roots of his business culture.
SBI Card reports record spike in bad loans. At the peak of the lockdown due to Covid, it blocks 12.5 lakh cards.
In exactly two years after Sandeep Bakshi took over as CEO, ICICI Bank posts highest quarterly profit of Rs 4,251 cr amid good growth in advances, better asset management and lower tax outgo.
Axis Bank has been improving its asset quality through series of write-offs and upgrades and recoveries. In the last one year, it has written off over Rs 9,448 crore worth of assets.
HDFC Bank's new CEO Sashidhar Jagdishan and the'Karamchand Gang' plan to give Aditya Puri the "most poignant and emotional farewell". This includes video clips from Mukesh Ambani and other corporate honchos. Some view this Puri-heavy marketing as akin to a personality cult being built for the legacy to stay on.
