When a bank merger happens, the new CEO outs every bad or doubtful debt he can find on his combined books to reduce his personal risks. [See what happened to Yes Bank.] It is called the great purge.
— SonaliRanade (@sonaliranade) August 31, 2019
So expect a huge jump in bad debts & provisions 4 the same next quarter.
via Twitter https://twitter.com/sonaliranade
August 31, 2019 at 08:38AM
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