3 min read. Updated: 16 Dec 2019, 12:38 AM ISTShayan Ghosh As many as 10 banks disclosed they had under-reported NPAs of close to ₹24,000 crore in the year ended 31 MarchThe country’s largest lender, SBI, reported the largest bad loan divergence so far this year, under-reporting gross NPAs of ₹11,932 crore Topics...
The role of independent directors is clearly defined, yet many of them feel they play a cameo role in a company, often failing to red flag fraudulent activity and serious governance lapses that eventually compromise minority shareholders' interests  BY NEHA BOTHRA 11 min readPUBLISHED: May 4, 2022 11:02:32 AM ISTUPDATED: May 4, 2022...
By Andrée Schupp, in New DelhiPublished on  05/11/2022 at 18:00
3 min read. 09:31 PM IST Dhirendra Tripathi It all started on 24 Jan when independent director Sandeep Parekh panned a news report that said HDFC Bank had roped in the services of Egon Zehnder to identify a successor to Adita Puri Blame the medium. It’s social media and it’s Twitter, which...
Rohini Mohan and Debarshi Dasgupta PUBLISHED MAR 5, 2022, 11:43 PM SGT
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Rohini Mohan India Correspondent PUBLISHEDSEP 26, 2021, 4:47 PM SGT BANGALORE - With unpaid corporate loans at a record high in India, the government has set up a "bad bank" to resolve such loans, paving the way for a major clean-up of the banking system. Flush with 30.6 billion rupees (S$560 million), the...
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...