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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.
The former ICICI Bank executive comes in at a time when the regulator has a lot of cleaning up to do and needs a decisive hand at the helm.
Exactly 11 years back, when Madhabi Puri-Buch quit the ICICI Group after a 15-year stint, it created ripples in Indian banking circles. Many called it the “end of an era”.
Puri-Buch was part of the so-called “fab six”—a group of six top women executives groomed by veteran banker K.V. Kamath. The other members of this group included Chanda Kochhar, Kalpana Morparia, Shikha Sharma, Lalita Gupte and Renuka Ramnath. In 2008, Kochhar was anointed as Kamath’s successor at ICICI Bank. Executives who worked at ICICI Bank back then say that Kochhar clearly saw Puri-Buch as competition and wanted her …
A dismal track record in portfolio management services doesn’t help the firm as it takes its first steps in a crowded industry dominated by some heavyweights.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
