I did catch that undertone that hint when VV said he isn’t strapped for cash as CASA growth is good. He is constantly giving hints that he is not interested in RM at these rates. I could be accused of reading too much between the lines. With both managements making it a point to not show their hands, this is the best I can do.
I totally understand VV’s pov. His supporters were with him in the worst times, when he was given a tough hand. He turned it around, and now early investors want their returns to be commensurate with the risk.
Parent company also understands this, and is therefore playing along. The talks have not progressed as price as moved from Rs.30 to now Rs.60
I feel, RM won’t happen till the market sees the complete potential of the bank.
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