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My Thoughts On YES Bank


wealthymattersPersonally I dislike being compelled to deal with murky businesses, taking on unknown and unknowable risks with my finances and gambling with the lives and well-being of myself and dependents, simply because those in the government think that we can all be compelled to be more honest by dealing via banks and serve the country’s development needs best by investing in financial products. Now as I’m hardly the type to keep my discontent and opinions to myself, I’ve also been one of those howling for a thorough overhaul of our banking and financial system on a pretty routine basis. However, I also believe that when the system delivers, we need to appreciate the breakthrough made. There is much around us to criticize, but let’s not allow our negativity to undervalue the good in what we have at hand. So let’s take a step back and evaluate things a bit. Read more of this post

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Related Party Transactions


wealthymatters

Here are the details of this corporate-banker nexus outed by ICICI Bank and Videocon investor Arvind Gupta.

Gupta’s curiosity was aroused by a 10 per cent coincidence he noticed in ICICI’s loans to Videocon group companies and foreign fund inflows into husband Deepak Kochhar’s firm NuPower Renewables.

NuPower Renewables was originally founded as a 50-50 JV between the Dhoot family and the Kochhar and Advani families .Chanda Kochhar’s brother is Mahesh Advani. Read more of this post

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