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 a warning to the entire sector," said Hemindra Hazari, a banking
analyst in Mumbai
By Pavan C Lall
The issue here is governance and that the bank's board of directors did not have formal oversight despite RBI suggesting to banks to have an IT Strategy Committee in its April 2011 circular, according to Hemindra Hazari, SEBI registered independent analyst.
"When smaller banks and even NBFCs had IT Strategy...
By Abir Dasgupta
"It is apparent that Yes Bank is the bad boy in the eyes of the regulator," independent banking analyst Hemindra Hazari.
As Deutsche Bank AG veteran Ravneet Gill moves into the 27th floor of Yes Bank Ltd.’s headquarters in downtown Mumbai, he brings the curtain down on one of the...
