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“The move to allow promoters to hold 26% of the paid-up voting equity share capital of the bank seems to be a way of turning the exception allowed to Kotak Mahindra Bank into a policy decision, uniform to all banks,” said independent banking analyst Hemindra Hazari. “In my view, this would undermine the credibility of RBI as it has allowed independent private banks to arm-twist the regulatory body."
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https://www.youtube.com/watch?v=5uCKFV_uH04
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Pledge agreements show Adani Green could have breached loan covenants
To read the entire article (paywall) please click here
Hemindra Hazari, a banking analyst, adds that “after that story should have gone and told...