MRK seemed to be doing a great job leading the bank by prioritizing asset quality. Based on his public appearances, it was clear that he had a passion for his work. While it’s reasonable to assume that there might have been a conflict between him and the board, thought that a board composed of individuals such as VJ Kurien and R A Sankara Narayanan would have resolved any issues, should they have arisen !
Almost everyone who is tracking the bank knows about its reckless lending behavior in the past and the aftermath of poor asset quality. MRK was successful in improving the asset quality. This is a great loss to the bank. If you have noticed, the majority of the board members come from a particular community in a specific region, and the common thread among them is ego. God save SIB !!
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