Day: June 1, 2012
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Saas Bahu Saga playing out at Dhanbank
In an earlier post, I had mentioned how Bank MD’s show poor results immediately after taking over.This serves the dual purpose of starting with a clean slate and showing the predecessor in a poor light.
The same saga is repeating at Dhanlaxmi Bank where P G Jayakumar has taken over after the resignation of Amitabh Chaturvedi.
The latest results for FY2012 indicate a loss of 115 Crores as opposed to a profit of 26 Crores last year.
Ah well…
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The world according to Citi’s Vaish
This report is for information purposes only.Not a recommendation to buy or sell.
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What was that again?
“Its a wake-up call, a shock.But it could be predicted considering that there is no positive news or action from the government.It reminds me of the crisis India faced in 1990-91.It (government) needs to change its thinking that India will grow at 6-7%, whatever happens. That is no longer true. Retrograde amendments, delay in policy making, telecom spectrum pricing—there is virtually something of concern across every sector causing negative perception. It’s time for reform.”–said Harish Mariwala, Chairman of Marico Ltd reacting to the poor GDP numbers