Hdfc saga
HDFC Saga Continues
HDFC Saga ContinuesCitibank Playbook 101: what cannot be done directly, figure out a way to...
Chapter 14D: Citibank ecosystem
Chapter 14D: Citibank ecosystem used basic principles derived from the Morgan Stanley mutual fund scam,...
Chapter 14B: Just about three months ago a simple post on my account pointed the need to break up HDFC.
Chapter 14B: Just about three months ago a simple post on my account pointed the...
Chapter 14A: Rs 1 lac per sq feet and the rise of Gurgaon
Chapter 14A: the principle beneficiary and key propagant of the Harshad Mehta scam was Citibank....
Chapter 13: Diners Club takever and the RBI restriction on Credit Card issuance
Chapter 13: in 2011, the HDFC and Citi networks were interconnected with the equivalent of...
Chapter 12I: HDFC Bank
Chapter 12I: the single biggest regulatory error of independent India was to allow public deposits...
Chapter 12H: Nira Radhia tapes have extensive conversations with the Tatas.
Chapter 12H: Nira Radhia tapes have extensive conversations with the Tatas. It is about getting...
HDFC Bank
Till someone churned the pot, it is something that everyone knew. Yet no one did.Till...
Chapter 12G: Fall and Rise
Chapter 12G: citi met more than their match in DLF. Their idea here was to...
Chapter 12E: HDFC Bank
Chapter 12E: The rape of rapeseed and the rise of DLF. Ending in the child...
Chapter 12D: Private Banks are not Bankable
Chapter 12D: Given the status of cybersecurity, global geopolitics and national needs – there is...
Chapter 12C: 25 years ago I led the team which corporatised BSNL.
Chapter 12C: 25 years ago I led the team which corporatised BSNL. Do we want...
Chapter 12B: Baby fish eats its mother
Chapter 12B: in early 2000, the Rothschild Asia Pac chief made a casual remark over...
Chapter 12A: Eight years ago, I got a strange call from an IIT Alumnus.
Chapter 12A: Eight years ago, I got a strange call from an IIT Alumnus. His...
Chapter 11J: Foreign Bank exits India
Chapter 11J: There are two Padma Bhushan’s in Indian banking. KV Kamath of ICICI and...
Chapter 11i: Foreign Bank exits India
Chapter 11i: the common man rarely understands legalese. They rarely understand who is the acquired...
Chapter 11H: Foreign Bank exits India
Chapter 11H: Cyrus Mistry exit was the ultimate success of the Citi legal ecosystem. By...
Chapter 11F: Foreign Bank exits India
Chapter 11F: How did the infamous Tata Finance become Tata Capital which did the highly...
Chapter 11E: Foreign Bank exits India
Chapter 11E: To continue on legal luminaire Jagdish Salwan and Justice Shamit Mukherjee. As an...
Chapter 11D: Foreign Bank exits India
Chapter 11D: For some bureaucrats it doesn’t matter which party is in power. They remain...
Chapter 11C: Foreign Bank exits India
Chapter 11C: The role of Citi in the Indian judiciary is the kind of stuff...
Chapter 11B: Foreign Bank exits India
Chapter 11B: The real power of the Citi HDFC duo came from their power over...
Chapter 11A: Foreign Bank exits India
Chapter 11A: India is not an easy place to do business. For some strange reason,...
Chapter 10C: Change of Guards
Chapter 10C: 2014 was the beginning of the end of the money export industry. It...
Chapter 10B: Change of Guards
Chapter 10B: in the aftermath of the 2008 meltdown, the PMO had got their best...
Chapter 10A: Change of Guards
Chapter 10A: There are insiders. And then there are absolute insiders. And then within them...
Chapter 9B: A Compromised Leader
Chapter 9B: the export of money has been the main corporate objective of the Citi...
Chapter 8C: Paresh Sukhtankar leaves and Faering Capital rises
Chapter 8C: there is an exit playbook in Citibank. It is akin to joining the...
Chapter 9A: A Compromised Leader
Chapter 9A: God runs India. The bundle of contradictions called India is beyond the capability...
Chapter 8B: let me go back to 2008.
Chapter 8B: let me go back to 2008. There was a leadership dispute and one...
Chapter 8A: what is a fair wage for an employee ?
Chapter 8A: what is a fair wage for an employee ? Does an employee really...
Chapter 7D: one old Citibank playbook is to merge, demerge, name, rename … back to where you were. And it is all cleaned up.
Chapter 7D: one old Citibank playbook is to merge, demerge, name, rename … back to...
Chapter 7C: There was just too much happening in 2008.
Chapter 7C: There was just too much happening in 2008. A bunch of engineers in...
Chapter 7B: NPCI, a clone for discover
Chapter 7B: real estate, bank deposits, insurance and stock markets – this is where middle...
Chapter 7A: NPCI, a clone for discover
Chapter 7A: Scam of a lifetime. Became a global success story. One that took DPI...
Chapter 6: Rs 6800 crore profit and the creation of dominance
Chapter 6: I got to see RBI at work very closely in those days. A...
Chapter 5: Foreign take over of HDFC Ltd
Chapter 5: 2004 marked the start of a ten year term at the centre by...
Chapter 4: Sabre Capital and sector domination
Chapter 4: sometimes the primary reason you form new teams is because you have a...
Chapter 3: Rise of a new leader
Chapter 3: leaders are never good or bad. It is the results they generate which...
A bank CEO is declared not “fit & proper”
A bank CEO is declared not “fit & proper”RBI passes strictures. Bank exits. A fund...
Chapter 2F: Two servers, not one!!!
Chapter 2F: Two servers, not one!!! And this is something no one ever told you...
Chapter 2E: the same bad actors across HDFC, L&T, Tatas.
Chapter 2E: the same bad actors across HDFC, L&T, Tatas. And how they created billions...
HDFC, Citi … and now NSE.
HDFC, Citi … and now NSE.They say once you open a can worms, there is...
Chapter 2D: Around 1998, the HDFC airship hit turbulent weather.
Chapter 2D: Around 1998, the HDFC airship hit turbulent weather. A new government was about...
Chapter 2C: By the time, HDFC reached 1993, the contours of a conspiracy were taking shape.
Chapter 2C: By the time, HDFC reached 1993, the contours of a conspiracy were taking...
Chapter 2B: When the going gets smooth, the founders are dumped.
Chapter 2B: When the going gets smooth, the founders are dumped. When the going gets...
Chapter 2A: Birth of a conspiracy
Chapter 2A: First and foremost, it is important to note that there is no immediate...
Chapter 1C: In 1987 whilst in college, I got a modelling assignment.
Chapter 1C: In 1987 whilst in college, I got a modelling assignment. The product was...
Chapter 1B: Success has many fathers
Chapter 1B: Success has many fathers. And history is not what happened but what historians...
Chapter 1A: The Birth of a category creating institution
Chapter 1A: The HDFC story can be divided into five phases: 1. The birth of...
Technology is a levellor
Technology is a levellor. And chartered accountants dont develop technology. They may not even be...
HDFC, Tatas and L&T are three systemically important, Board run, professionally managed, promoterless company
HDFC, Tatas and L&T are three systemically important, Board run, professionally managed, promoterless company. Of...
HDFC is a story like no other
HDFC is a story like no other. And it started as a great one. Even...
The Untold Unknown story of what happened in HDFC
There is a PR narrative. And then there is reality. And the two rarely meet....
NABARD vs HDFC4
NABARD vs HDFCRural Prosperity vs Urban MiseryOur scant capital cannot be frittered away. As a...
Systemic stress creators have to be split in time
Hdfc’s immediate breakup is highly desirable.With 98% of deposits distributed as loansIt is a systemic...