This business is fundamentally a good Bank. But Promoter issue is holding the bank back. My main concern is that Bank management and Board don’t seem to have enough skin in the game to drive growth. Promoter issue will get resolved one way or other but then, if no one is driving the growth, making critical investments, then we maybe left with a bad to mediocre bank in 5 years time. Any suggestion? Happy to be corrected.
I had a meaningful position but reduced the position significantly after that raid news came up in July. I still have a small position.
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