The regulator’s warning comes after complaints from ICICI Securities’s shareholders alleging that bank officials pressured them to vote in favour of the delisting.
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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.
Personal loans in India have seen excessive growth, fuelling risky investments like speculative trading. Things will not end well for lenders when the music stops playing.
While digitization of information and maintaining a single repository of financial and non-financial data will allow greater ease of access and cut loan processing time, it will also make sensitive data that much more vulnerable.