How deep is the malaise? How long can we avert systemic collapses through bailouts? Has RBI gifted Lakshmi Vilas Bank to DBS? How different in nature are the failures of Yes Bank and the 94-year-old bank?
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.
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.
For new CEO Sashidhar Jagdishan, top-end customers will continue to be a priority. But there will be an urgency to move with more force and ammunition to the semiurban and rural areas.
Loans to both retail and commercial borrowers have declined. Household stress is evident from the RBI data on bank credit.
The next round of NPAs will be retail and MSMEs. Will banks crumble under the weight of new NPAs and the Covid-induced financial crisis? Will debt restructuring shelter them from the storm?
