In 2014, Dhoni filed a civil suit to permanently restrain Sampath Kumar, who was the then Inspector General of Police, from making any statement linking him (Dhoni) to match-fixing and spot-fixing of matches.
Sampath Kumar has over 22 years of experience in the financial services space and has been with Citi internal audit for the past nine years.
Sampath Kumar, Banking Analyst, Institutional Equities, IIFL who prefers retail-oriented banks over wholesale-funded banks, feels that the multiples of private banks should come down further. Among private sector lenders, IndusInd Bank is better placed than YES Bank, he added.
According to Sampath Kumar, Banking Analyst, Institutional Equities, it will be difficult for banks to pass on higher costs to borrowers.
IIFL prefers private sector banks over state owned banks. It is betting on non-banking financial companies (NBFCs) as a rate cyclical play. Bajaj Finance, M&M Finance, Shriram City Union Finance are its top picks.
India's largest lender State Bank of India will declared its fourth quarter results today. In an interview to CNBC-TV18, Sampath Kumar of IIFL Institutional Equities says, he sees slippages anywhere between Rs 6,000-8,000 crore on gross basis.
Banking analyst at IIFL, Sampath Kumar tells CNBC-TV18 that the market has not reacted negatively to Moody's downgrade because most of the issues mentioned in the report have already been discounted by the market.
In an interview to CNBC-TV18, Sampath Kumar, analyst at IIFL; Sanjeev Bajaj, managing director of Bajaj Finserv and N Kamakodi, managing director and chief executive officer of City Union Bank discussed their views on the NBFCs as well as the impact of the bank license rules.