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WFH – Mota Bhai Ishtyle
Author: Raoji
Hat Tip : Matt Huang
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Linkfest: 08 May, 2020
Some stuff I am reading today morning:
Negative US policy rate by 2021 ( Bloomberg)
MSME Sector on the verge of collapse (BL)
UP Govt exempts businesses from labour laws for 3 years (BS)
How Goa tourism plans to get back on its feet (Mint)
Third cheque for Jio comes in (ET)
Will Sin Tax be the way going forward? (Larissa Fernand)
SBI hikes home loan rates (MC)
The redemption tsunami is various debt fund categories (Nakul Sarda)
Subvention will lead to a Mumbai real estate crisis (Vishal Bhargava)
The true cost of Commodity ETFs (Movement Capital)
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Pass that Chillum
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Ravneet Singh Gill : Then & Now
Then, in Dec 2019 :
We want to do is maintain the very strong entrepreneurial real vibrant culture of this organization. But at the same time, harness it with much stronger controls and governance in place.
Next would be how we have progressed with regard to our digital leadership. If you look at any new age digital interoperable platform that operates in this country, I think, YES BANK has been able to demonstrate, not just the fact that it has market leadership, but the fact that this market leadership is actually beginning to expand quarter-on-quarter.
Now, in May 2020 :
Gill, who joined as MD and CEO of Yes Bank on March 1, 2019, stated that he was brought to the bank for reasons such as ‘poor credit culture, poor compliance culture, centralisation of power and lack of institutionalisation’.