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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 CEO of the financial services business of the Aditya Birla Group has little to show for her near three years at the helm. That her digital push has turned out to be a dud only makes it worse.
Vishakha Mulye has her back to the wall. Two-and-a-half years into her stint as chief executive of Aditya Birla Capital, she has little to show.
The financial services arm of the Aditya Birla Group has seen its earnings stagnate over the past year-and-a-half. And, in the quarter ended December 2024, revenue fell by 7% and profits by 16%. Despite an initial surge, the company’s stock has seen a 27% dip since September 2024 and is now trading way below its listing price of Rs 250.
To be sure, Mulye had big issues to sort out, thanks to the mess …
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.
