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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 bank was pulled up last month over irregular transactions with Max Life, and there remain unasked and unanswered questions over its indirect stake in Niva Bupa.
On 14 October, the Insurance Regulatory and Development Authority of India fined Axis Bank Rs 2 crore. The move could dampen the ambitions that CEO Amitabh Chaudhry has for the private sector lender in the insurance sector.
The fine was imposed on two counts:
The insurance regulator also fined Max Life Rs 3 crore.
The insurance …
Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
The fund house has fallen behind its peers. What explains the sub-par performance?
The announcement of the deputy managing director’s retirement in August may have more to it than meets the eye.
