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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 announcement of the deputy managing director’s retirement in August may have more to it than meets the eye.
A day after Axis Bank announced its financial results for the 2024-25 fiscal year, the country’s third largest private bank made another key disclosure to the exchanges. On 25 April, the bank had this to say about deputy managing director Rajiv Anand:
“Rajiv Anand has been associated with the Bank since 2009. He is currently serving as the Deputy Managing Director of the Bank since December 27, 2021 and has served as a whole-time Director since 2016. We now wish to inform you that he will retire from the services of the Bank at the close of business hours on …
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.
