What began as a bank asserting its rights, first as a lender and then as a shareholder, has now metastasized. In adopting a single-minded strategy that Dish TV’s promoters have pursued to hold back Yes Bank, they have perhaps over-played their hand and risk causing irreparable damage to a microcosm of the lending ecosystem. The government has spent the past few years attracting capital through its ease of doing business policies of which trust in our markets is an important component. This trust is now being chipped away. Which is why this matter is now no longer just between Dish TV’s promoters and Yes Bank. MCA, SEBI and RBI all need to step in.
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