The RBI has concerns about the former Flipkart boss’s fitness to run a bank and so should SEBI on NSE’s plans to go public.
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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.
With Fullerton acquiring a controlling stake last year, the fintech startup has seen an overhaul of the current leadership, trimmed loan disbursements and a halt in product rollouts.
SEBI’s interim order details how the green energy poster boy built a paper empire with investor money while living a billionaire lifestyle.