In the private sector financial services (banking and insurance) there is a requirement for an institutional mechanism like a Central Vigilance Commission (CVC)-like organisation to monitor executives especially the CEO as past instances have shown the incompetence and/or complicity of independent directors.
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Echoes of the past: Excerpts from RK Hazari on the need to nationalise banks
Posted by Prabir Sorkel | August 14, 2025
Here is an excerpt from the report titled “Industrial Planning and Licensing Policy” of the Planning Commission...
Banking’s Longest-Serving, Highest-Paid CHRO Quits IndusInd Bank
The abrupt resignation of Indusind Bank’s Chief Human Resources Officer (CHRO), Zubin Mody, on July 25, 2025 is another symptom of the internal churn...
Is Yes Bank Providing Custodial Services to RInfra for Its Valuable Property?
A high-profile bank collapses on account of high-risk, bulky non-performing corporate loans. With the intervention of the Reserve Bank of India (RBI), the errant...
Karnataka Bank board showed who’s the boss
As Hemindra Hazari, a Sebi-registered independent research analyst, has pointed out in his report, “Bank boards have clear-cut policies on the approval powers of all...