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Business Today
Business Wise by Rajeev Dubey
RBI board meeting: Fresh hope for Uday Kotak, Rana Kapoor from dictat! Here are the changes new governor could ring in

While Rana Kapoor is being forced to step aside from his position as MD & CEO of Yes Bank, Kotak faced an obstinate RBI refusing to budge on its stand that dilution of his stake via Perpetual Non-Convertible Preference Shares does not meet RBI's promoter holding requirement.

 
 
The furore against the supposed unprecedented move forced the ministry of finance to issue a clarification which cleverly didn't mention Section 7.
Frightful and irresponsible commentaries about a 'systemic risk' suggesting India's financial system could collapse due to IL&FS have added fuel to fire
A bad bank will not solve the rot in the banking system and it's a bad idea in India's context right now. Else, we'll need a bad bank every 10 years.
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