Newton Bank Kumar
68.7K posts

Newton Bank Kumar
@idesibanda
Data Teller | Satire | Middle Class | Public Banks





On the occasion of Women’s Day, I want to ask the State Bank of India @TheOfficialSBI a few questions. Why did this happen to me? If my transfer could not be approved, the bank could have simply rejected it. But at the very least, I deserved a response..either acceptance or rejection. Why was there complete silence? Why was my resignation kept pending? It could have been accepted or rejected, but why was it left hanging without any decision? 1/9 x.com/vijayaksharma/… #InternationalWomensDay














#JustIn | #IDBIBank bids likely below reserve price, transaction may not proceed Sources to @Sapna_CNBC

The government mandarins should not blame the buyers, they must call in Indian market wizards and understand what went wrong. Get Uday Kotak to head the divestment process , see what magic he will unleash given time and a free hand. As a country we are oppressed with badly thought out taxes, taxes driving away foreign investors and then poor execution with tax payers treated with disdain. Decades back Gunit Chadha came from Citibank US and set IDBI Bank on the path to recovery. Then he was pushed out and a very highly incompetent and corrupt set ran the bank into the ground in collusion with predatory promoters. The bank has been nursed back to financial health. But any investor will want valuations that leave some returns on the table. The government should either do a Margaret Thatcher like sale to the Indian public and keep appointing top talent from PSU banks to run this or should hold on for better valuations. There is no need for a fire sale.













