A number of senior executives have left India’s biggest bank in the private sector before its MD and CEO Aditya Puri retires in October, after having held the position for nearly 25 years. Questions have been raised about unethical business practices followed by the bank, says Hemindra Hazari, independent analyst and commentator on the country’s banking sector, in an interview with NewsClick.
Post this report and the subsequent media coverage, the Indian government changed the selection policy of appointment of SBI chairman solely on the basis of seniority.
The RBI’s decision on April 26, 2021 to curtail tenures of bank chief executive officers and executive...
The audit income of Deloitte, EY, PwC, and KPMG could be hit due to the new capping and mandatory joint audit norms....