top of page

By:

Kiran D. Tare

21 August 2024 at 11:23:13 am

The Lady of Lord’s

Yastika Bhatia’s maiden Test century at Lord’s crowns the rise of an elegant wicketkeeper-batter who has quietly become indispensable to India’s new generation. Critics may say that there are flashier cricketers than Yastika Bhatia. She does not possess the raw power of a Smriti Mandhana or the aura of a Harmanpreet Kaur. She rarely dominates highlight reels or social media clips. Instead, she has built her reputation through reliability – a quality far more vital. At a time when white-ball...

The Lady of Lord’s

Yastika Bhatia’s maiden Test century at Lord’s crowns the rise of an elegant wicketkeeper-batter who has quietly become indispensable to India’s new generation. Critics may say that there are flashier cricketers than Yastika Bhatia. She does not possess the raw power of a Smriti Mandhana or the aura of a Harmanpreet Kaur. She rarely dominates highlight reels or social media clips. Instead, she has built her reputation through reliability – a quality far more vital. At a time when white-ball cricket prizes spectacle, the 24-year-old wicketkeeper-batter has become one of India’s finest practitioners of the understated virtues of timing, patience and composure. Bhatia’s 113 against England which powered the Indian women’s side to a historic win at Lord’s was not merely her maiden Test century but the first ever scored by a woman at cricket’s most celebrated venue. The innings helped India seal a comprehensive 270-run victory in the first women’s Test ever staged at Lord’s. Her hundred earned her a place on the Lord’s honours board, where generations of the game’s greatest names have been immortalised. Few entries have carried quite the same symbolism. Until now, no woman’s name had appeared there for a Test century because no women’s Test had ever been played at the ground. Bhatia’s career has mirrored the evolution of Indian women’s cricket itself. Born in Vadodara, she emerged through Gujarat’s domestic circuit at a time when opportunities for young women were expanding but remained far from abundant. A naturally gifted left-hander, she impressed selectors with a technique that appeared more classical than contemporary. Where modern batting often relies on innovation and improvisation, Bhatia’s game is rooted in balance. She plays late, favours placement over power and rarely appears rushed. Such attributes explain why coaches have long regarded her as especially suited to the demands of Test cricket, even though women are offered precious few opportunities to play the format. Modern wicketkeepers are expected to contribute almost as specialist batters while maintaining relentless concentration over long periods. Bhatia has embraced both responsibilities, becoming an important cog in an Indian side that has steadily shed its dependence on a handful of senior stars. That transformation has accelerated dramatically over the past year. India’s maiden Women’s ODI World Cup triumph marked a watershed for the sport, confirming that the country's women could finally translate promise into silverware. Although Bhatia missed that campaign after suffering an anterior cruciate ligament injury shortly before the tournament, her absence perhaps underscored her growing importance. Months of rehabilitation restored her confidence. If the World Cup represented the one that got away, Lord’s offered redemption. Returning to international cricket only recently, Bhatia produced an innings of remarkable maturity against England’s experienced attack. Her 113 came from 158 balls, balancing restraint with authority as India tightened their grip on the match. She admitted that six months earlier, while beginning rehabilitation, the idea of seeing her name on the Lord’s honours board would have seemed implausible. Those who know her were scarcely surprised. Former Indian wicketkeeper Kiran More, who has mentored Bhatia, has long spoken of her temperament rather than merely her talent. Scoring a century at Lord’s, he observed, is an ambition shared by virtually every cricketer. Achieving it after months away from the game simply reflected the resilience that had always underpinned her cricket. But hers was not a sentimental century assembled through fortune. It was a technically accomplished performance built on judgement outside off stump, crisp drives through the covers and the patience required by the longest format. It showcased precisely why Test cricket continues to matter. Unlike Twenty20, where brilliance can be compressed into a handful of overs, the five-day game rewards concentration accumulated over hours. For Indian women’s cricket, Bhatia’s century represents something larger than an individual milestone. It demonstrates the increasing depth of a side that is no longer defined solely by its biggest names. New heroes are emerging, backed by stronger domestic structures, better coaching and a professionalism unimaginable a decade ago. The honours board at Lord’s records statistics with characteristic restraint. It simply notes that Yastika Bhatia scored a century. Future generations may glance at the name without appreciating the path that led there. But Indian cricket will remember that the first woman to reach three figures at Lord’s was not merely making history. She was announcing that a new generation has arrived.

Lateral upgrade to ailing annihilation

Updated: Oct 21, 2024

Lateral upgrade to ailing annihilation

Being the first person from the private sector to be appointed as chairperson of Securities and Exchange Board of India (SEBI) as part of the government’s lateral initiative, Madhabi Puri Buch also holds the honour of being the first woman to hold the top post as capital market regulator.

But the laurels that the former private sector banker enjoyed in her earlier stint with ICICI Bank, was marred with allegations that she and her husband were having a stake in offshore entities, which were used to artificially inflate shares of Adani group companies.

Terming the allegation as `character assassination, Buch clarified that all disclosures have already been furnished and the fund in question did not invest in any securities involving the Adani group.

When it rains, it pours. This allegation was subsequently followed by Congress Party allegation that Buch had received salary and post-retirement benefits from ICICI Bank after she quit the private sector bank.

In its clarification to the stock exchanges, ICICI Bank asserted that the payments made to Buch were purely retirement benefits after her exit from the bank and they were neither salary nor employee stock options.

Prior to these allegations, Buch tenure at SEBI was all about bringing in quick reforms on operational issues by changing the format of consultation paper to bring in larger responses digitally. Being data savvy, the rationale of her decisions were democratic based on big data analysis derived from the responses received to the consultation papers.

Further she bifurcated the duties of the SEBI staff between operations and enforcement, which were done by the same persons earlier. Having worked for the private sector in the capital market domain space, Buch had a better understanding of the subject compared to officers from the administrative service in the past that reflected even in her orders as a whole-time director at SEBI before becoming the chairperson. As a whole time director at SEBI, her orders on adjudication issues were more directional to the capital market space, according to experts in the compliance space. She was also quick to revamp the old provisions of the 90s at SEBI.

Being tech and data savvy, Buch enhanced regulatory surveillance and detection of market manipulation, insider trading and fraud while also emphasizing on strengthening corporate governance by introducing stricter rules for independent directors and enhancing disclosures for related-party transactions.

To put in perspective, the annual report of the capital market regulator in the just concluded financial year revealed that the number of investigations related to insider trading jumped to 175 in 2023-24 from 85 in the preceding year while probes related to front running jumped over three times to 83 from 24 in the preceding year.

Transparency in mutual funds by implementing measures to protect retail investors along with tightening norms for initial public offers, particularly in the SME platforms were some of her other positive initiatives including confirmation of denial of any market rumours within 24 hours for the top 100 listed companies which will be extended to top 250 companies from December 1. However increased transparency and compliance with tightening regulations led to increased operational costs for the market participants and hence faced resistance from certain quarters. Born in 1966, Buch completed her primary education in Mumbai and graduated with specialization in Mathematics from Delhi and later obtained a management degree from Indian Institute of Management, Ahmedabad. In between, she got engaged to Dhawal Buch, a director at a consumer goods multinational at the age of eighteen and got married at the age of 21.

Besides ICICI Bank, Buch also worked as a lecturer at a college in England, worked at Greater Pacific Capital in Singapore and ICICI Securities as its CEO. She also worked as executive director on several private sector companies and as a consultant for New Development Bank (Brics Bank).

What now remains to be seen, is whether Buch, who survived the 26/11 terror attack when she along with her husband, was attending a meeting at Taj, be able to overcome the current ordeal. Keeping fingers crossed for the times to come.

Comments

bottom of page