Ramchand Bhavnani: Spain's new age banker


What began as small investments in stocks about 10 years ago has pushed investor Ramchand Bhavnani to an enviable position today where he can decide the fate of Spain's fifth largest bank Bankinter.

Bhavnani, an unknown name till a few years ago, has raised his holding in the bank to over 14%. His rise, which also earned him a director seat on the Bankinter board in 2005, holds even more significance as Spain is a country where large businesses are mostly owned by powerful families and an intricate network of cross-holdings.

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