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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Investors Rattled By India’s Regulatory Surprises
Analysts said that the stringency of the Paytm Payments Bank action,
while directed at a single entity, signals that the bank won’t tolerate lapses.
“This is...
RBI Goes After Non-Compliance In Financial Sector
https://www.youtube.com/watch?v=UjI499WhF7M
The Reserve Bank of India (RBI) has been vigilant in its actions against non-banking financial companies (NBFCs), fintechs, and credit card issuers in the...
Unfit to Serve: Paytm Payment Bank’s Former ‘Independent’ Directors
Three new developments herald a possible new beginning for Paytm Payments Bank (PPB): The reconstitution of its board of directors, apparently due to pressure...
Is Axis Capital an Investment Bank or a Hedge Fund?
Axis Capital’s structured finance team is proud of its “unblemished track record of ‘No Default’ in any transaction with 100% investor money”. But the...