Is V. Vaidyanathan one of the best bankers the country has seen?
Some background first.
VV was in charge of the retail banking business of ICICI bank between 2000-09, became the MD & CEO of ICICI Prudential between 10-11 and then started buying shares in Capital First, a beleaguered NBFC.
Then came India’s largest MBO and Capital First went through a tremendous turnaround under VV’s leadership.
Presently, VV is the MD & CEO of IDFC First Bank?
So what happened in between and what is happening now?
Well, VV is doing some really shrewd stuff by offering a savings bank account interest rate at 7% against the FD rates that are hovering at 3-4%.
What has this caused?
Why is CASA important?
This week we took a detailed deep dive into understanding how a bank works, what is the implication of this massive CASA growth and how did IDFC First come into existence in the first place.
You can find out more about it here.*
API Party is on?
The first webinar that was hosted for the Beta to Alpha webinar series was a deep dive into the API landscape and understanding Solara Active Pharma Sciences as a case study.
Since we are today on Edition #015, the access for that webinar has been opened and enabled for all. You can access it here.
You’re welcome!
What’s more?
The folks at Investing.com have reposted the original post on their international blog.
Alpha Swing - Swing Trades for the Week
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Book of the Week
Catalyst - by Chandramouli Venkatesan
Chandramouli Venkatesan, chief executive officer, special projects at Pidilite Industries Ltd., passed away on October 6 after battling with pancreatic cancer at the age of 54. Venkatesan who held the role since February 2017 was also the author of books like ‘Catalyst’ and ‘Get Better at Getting Better.’
Prior to Pidilite Industries, Venkatesan was associated with Mondelez International as the managing director and as executive director – chocolates and biscuits India, regional chocolate lead, Asia Pacific. He was in the company for more than three years.
Read more about him here.
Song of the Week
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