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The Sandeep Tandon-helmed fund house, under SEBI’s lens for market malpractice, has a lot more that’s wrong with its move-fast-and-break-things credo. Will its lapses catch up?

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.