/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
New CEO Subramaniakumar may have made a slow start, but it remains to be seen if he can pick up the pace.
In June 2022, when R. Subramaniakumar was appointed at the helm of RBL Bank, the mandate was clear: Bump up the bank’s secured retail loan book as well as retail deposits and savings/current accounts.
His appointment was the second instance in two years of the Reserve Bank of India roping in a public sector banker to navigate a private sector bank out of a crisis situation. In early 2020, Prashant Kumar was put in charge of Yes Bank. He managed to steer Yes Bank from near collapse to profits in just a year. A high bar for Subramaniakumar.
But the …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
