For IndusInd’s Sumant Kathpalia, the clock is ticking
Given just a two-year extension by the RBI, instead of the three years sought, he is expected to get cracking on festering issues that continue to dog the lender.
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
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
Rajiv Bajaj’s finance ambitions inside Bajaj Auto come to the fore
Bajaj Auto Credit is already driving profits for India’s second-largest two-wheeler maker. With a fundraise on the cards, the captive NBFC is entering the fast lane.
RBI’s rate cuts fail to arrest India’s economic decline
Despite the go-go narrative, it is clear that the country’s economic growth is in a funk. What’s more, history shows that further interest rate cuts to fuel stalled growth will be as futile as flogging a dead horse.
HDFC Bank charged with ripping off NRI depositors. Now it is set to pay
Allegations of misselling risky AT1 bonds to retail investors come as a new headache for India’s largest private bank. The regulatory backlash could leave a $100 million hole in its books.