The management deserves every bit of it and more…the gentleman was kind and well behaved imo,
Management gave zero indication of what is coming in MFI during Q1 concall and subsequent media interaction…in fact vaidyanathan tried to give an impression that provisions will be slightly less in Q2 at that time…
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until now management used to conveniently blame everything on legacy issues and ‘start-up bank’.
this time underwriting is their own…so ‘pristine quality’ of their loan book got exposed.
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also someone should advice them to stop printing that history of capital first and merger story BS in investor presentations and Annual Reports…its been 6 long years…
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