The private sector lender must, perforce, list HDB Financial Services by September 2025. Besides a time crunch, it has to contend with an RBI proposal that could put paid to its valuation hopes—all in the midst of battling crises within.
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
The announcement of the deputy managing director’s retirement in August may have more to it than meets the eye.
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.
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.