Our Partner, Rukshad Davar, features in Business Line (aka The Hindu Business Line), with his thoughts on the discontent of small investors in the wake of cases such as PMC, DHFL, CKP and Franklin Templeton, among others.
“In any bank, the liability for equity holders is limited to the face value of shares. The developments at Yes Bank were tackled marvelously by the government and the RBI, equity holders were also comforted even though 75 percent of their holding is locked in for three years. But whether the government will be able to step in for other such largescale defaults is yet to be seen. In the case of the six funds of Franklin Templeton, investors will have to wait and see what part of their money gets returned”.