(Disclosure:I am market making in the shares of Ratnakar Bank)
What were the things CDC was looking at when it picked up 4.8% stake in Ratnakar Bank in April?
We didn’t come into Ratnakar Bank for the momentum play, something which a foreign institutional investor would do. We are a DFI and not a pre-IPO investor. Ratnakar is deeply focused on financial inclusion, agri-lending and loans to the small and medium scale sector. These are high impact areas that create jobs. We are now working closely with the bank in all these areas.-from DNA
