There is a PR narrative. And then there is reality. And the two rarely meet. One is often pure fiction. Most fiction is written in excel which translates into real share prices.
Behind every major fortune in an emerging economy is atleast one unpunished crime. Some print fake shares. Some do smuggling. Some are fronts for hidden entities.
So what are the pertinent questions.
So what is the true story of HDFC ? Why was HDFC a non-owner, yet a promoter. How is it that the CEO and other senior management of HDFC Bank did not have anyone from HDFC Ltd ? Why did Renu Karnad rise to the top ? How did the cobwebs start coming out ? What is the real reason why Paresh Sukhtankar, the CEO designate made to leave suddenly ? Why did RBI bar HDFC from issuing new credit cards ? Why did HDFC acquire Diners Card franchise in India ? Who was behind the revival of Centurion Bank ? Who is Sabre Capital and who funded them ? How did 200 cr investment generate 6800 cr profits ? How is it there are NO IITians in HDFC ? Why was HDFC incentivising indian FCNR account holders to move their deposits to Bahrain ? What is Faering Capital and who is funding them ? Why did Pradeep Shah leave HDFC when he was the front runner to lead the firm ? What was the role of HdFC and the Havala Bank in the creation of NPCI ? Why did Axis Bank buy the Havala Bank ? How is it that the Havala Bank was the only one who did not have a bank incorporated in India ? Why did the Havala Bank actually leave India ? What is the part that they didn’t sell to Axis and why ? How did a Chawri Bazaar company change its name to that of the Havala Bank NBFC and encash post dated cheques ? How did the taxation head of Deloitte help in managing the Havala accounts ? Which Finance Minister held the largest Havala account ? How was the Aga Khan involved in HDFC ? How is it that the original founders of HDFC get almost no shares or even extended tenure in HDFC ? Who actually owns HDFC ? Why did RBI force Pramath Jhaveri to resign ? Why did Sanjay Nayyar join KKR ?
More relevant:
Why did a full time executive of the Havala Bank get appointed as a Board member of State Bank of India. What exact role did he play in getting SBI to agree to be a founder member of NPCI ? Which were the two Havala banks who actually seeded NPCI ? Is it true that NPCI was created to counter the dominance of Visa and Master ? Who owns Discover and Diners Card ? What was NPCIs relationship with Discover ? What technology stack was used to create Rupay ? Who provided this stack and why ? What backdoors does the Rupay Stack have?
Why did SBI hire the head of IT from HDFC directly into a very senior role without due process in SBI ? What is the story of Perfios ? How did the entire SBI account database get leaked ? Where does CIBIL fit into this puzzle ?
Too long to post here. Repost this and contact me for exclusives on preview material for the soon to be published:
Believe it or not.
HDFC – The Truth
