This is in reference to the brilliant article by Hemindra Hazari in https://thewire.in (which was covered in my post "RBI - is there conflict of interest?" dated 27th September 2018).
The article was titled "having-tackled-yes-bank-will-the-rbi-take-on-kotaks-defiance"
The article linked the concession provided to Kotak bank (Promoted by Mr. Uday Kotak) by Reserve Bank of India.
A stroke of genius Mr.Uday Kotak is recommended by Government of India to the board of IL&FS.
I think ( if am wrong excuse me) Government of India might have consulted with Reserve Bank of India prior to recommending Mr. Kotak to the board of IL&FS.
Can we call this a Coincidence or a Calculated move?
Reference:
https://www.livemint.com/Companies/CyjMeTHnMU4sln81WZ7AkI/Government-takes-control-of-ILFS-Uday-Kotak-to-be-on-board.html
The article was titled "having-tackled-yes-bank-will-the-rbi-take-on-kotaks-defiance"
The article linked the concession provided to Kotak bank (Promoted by Mr. Uday Kotak) by Reserve Bank of India.
A stroke of genius Mr.Uday Kotak is recommended by Government of India to the board of IL&FS.
I think ( if am wrong excuse me) Government of India might have consulted with Reserve Bank of India prior to recommending Mr. Kotak to the board of IL&FS.
Can we call this a Coincidence or a Calculated move?
Reference:
https://www.livemint.com/Companies/CyjMeTHnMU4sln81WZ7AkI/Government-takes-control-of-ILFS-Uday-Kotak-to-be-on-board.html
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