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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Desperate to make a comeback after the front-running scandal, the fund house is attempting to change its investment strategy. But its chief business officer won’t be part of the journey.
Axis Mutual Fund has a pressing problem on its hands. Its chief business officer, industry veteran Raghav Iyengar, has resigned, according to two people with direct knowledge of the matter who requested anonymity. And this doesn’t augur well for the fund house, ranked among India’s top 10 asset management companies.
For one, it is desperately trying to rebound from the allegations of front-running that rocked the industry two years ago.
Two, and more importantly, Iyengar’s exit comes at a crucial time for the fund. Over the past few months, it has been trying to move away from a strategy focused …
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.
