Exits not enough, RBI wants IndusInd Bank to do more

After the derivatives hedging fiasco triggered the resignations of top executives, indications are that the regulator expects the private lender’s board to do a thorough cleanup.

30 April, 202510 min
1
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

The curious case of Rajiv Anand’s exit from Axis Bank

The announcement of the deputy managing director’s retirement in August may have more to it than meets the eye.

Business
Story image

Jio Financial Services has a business and people problem

Strapped for top-flight talent as well as differentiated products, Reliance’s financial services business hasn’t managed to move the needle in its two years of existence.

Internet
Story image

Amid results showing signs of recovery, Vijay Shekhar Sharma teases a return for Paytm wallets

They were the app’s flagship feature until the RBI shut down new deposits into Paytm wallets a year and a half ago.