We are almost there ...
Heads roll at IndusInd Bank amid clean-up
An unprecedented number of top executives are set to retire from the bank, amid dangerous levels of stress on its books and concerns over shareholding.
02 November, 2021•15 min
0
02 November, 2021•15 min
0
We rarely make our stories free to read. This one is, so make the most of it.
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
Sign up for free
No payment details required
Limited time offer $125 $99 for 1 year
Subscribe to unlock all stories
Already have an account? Sign In
More in Business
Business
HUL, Nestle India report tepid Q4 results
The packaged goods giants point to rising cost of production and sluggish urban demand as the reasons.
You may also like
Business
IndusInd Bank needs the Hindujas to take the wheel
A gaping hole in its books in the midst of a leadership crisis has seriously impacted India’s fifth largest private sector lender. Can its MIA promoters step up and restore the confidence of depositors and investors?
Business
IndusInd’s Sumant Kathpalia has little time to lose
The CEO’s tenure has been extended to no more than a year by the RBI, instead of the three sought by the bank. The regulator’s message is loud and clear: this might be Kathpalia’s last chance at getting his house in order.
Business
High attrition is the bane of India’s private banks
The increasing convergence of sales and service functions, with consequent non-stop pressure to meet targets, has seen employees jump ship in droves. This has the potential to adversely impact the financial institutions’ health.