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If the Bombay High Court favours the RBI in its judgement in this dispute, it would appear that the latter is empowered to invoke Section 46(1) on Uday Kotak, the CEO and Dipak Gupta, the joint managing director of the bank, as it has specifically used the word, “wilful” to describe the bank’s conduct.
In our experience companies adopt liberal accounting policies to cover up flagging fundamentals otherwise there is rarely a valid business reason.
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IDBI Bank’s Stakeholder Enrichment Programme Begins at the Top
Privatisation is supposed to increase competition, usher in greater efficiencies, unleash animal spirits, and enrich stakeholders. IDBI Bank’s board of directors appear to have...
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...