Federal Bank - RBI's Approval For Shyam Srinivasan's Re-Appointment Addresses Key Overhang: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
The Reserve Bank of India has approved the re-appointment of Shyam Srinivasan as Managing Director and Chief Executive Officer for a period of three years, starting from Sept. 23, 2021 till Sept. 22, 2024.
We see this as a positive development as it addresses a key overhang on the management continuity.
Moreover the approval for three years has come at a time when the street was expecting RBI to grant only a one-year extension.
On the asset quality front, the initial impact of Covid-19 was in check as the bank has no big ticket accounts (over Rs 1 billion) in its watch list.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.