He was amongst the core member of Mr KV Kamath’s team that almost blew up ICICI Bank in 2008 due poor lending practices.
Then, he almost blew up Capital First …again due to reckless lending. To save it, he announced the merger with IDFC bank. Was ready to clean up IDFC’s NPAs in exchange for a banking license. But in reality, it was Capital First’s NPAs that were also cleaned up in the process.
Basically … a poor history of reckless lending but excellent media management.
Sharing – my views and views of some senior VP members. Views are only views, not verdicts !!!
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