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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’.
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Linkfest: 07 May, 2020
Some stuff I am reading today morning:
India Inc has a whiff of License Raj (Mint)
Rana Kapoor blamed for Yes Bank collapse (MC)
SBI to grant moratoriums to NBFCs on a case-by-case basis (BS)
Black swans, Black crows and Fund Lies (Ajit Dayal)
Home Improvement Spending will go up (TRB)
Sam Zell isn’t buying yet (Yahoo)
Interview with Jim Chanos (Big Picture)
The landscape has changed for traditional value investing (Bruce Greenwald)
A Situation Vs a Slog (Seth Godin)
Sweden Vs Its Neighbors (Big Picture)
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The Intelligent Investor
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Linkfest: 06 May, 2020
Some stuff I am reading today morning:
Massive hike in fuel excise duty by Modi Govt (FE)
Mumbai on the verge of unprecedented health emergency (ET)
Pharma sales drop 19% on demand collapse (Mint)
Banks scout buyers for Future Retail (BS)
What drives Indian Private Equity returns? (Morningstar)
Indian Agriculture- An area of darkness (Baidik Sarkar)
No country for migrants ( Pooja Sarkar)
Can “Sell in May & Go away” beat the Covid Bear? (Jody Chudley)
Mayhem with Multiples (Aswath Damodaran)
Buffett made this group of traders $ 200 Million (Market Watch)