In addition to challenges such as reining in non-performing assets (NPAs) and boosting profits, Chaudhry will have to repair the bank's reputation, build internal controls, and improve regulatory relations.
Many are now cheaper after stock splits. But look at key parameters
The RBI has cited corporate governance and regulatory issues for not extending Kapoor's term. Further, the lender has been directed to search for a successor.
The first major aspect is that of the veto power to the governor.
Banking secot to see major changes by 2020.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
Criterion for corporates will effectively rule out entry for business houses.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.