'I am not surprised that hubris brought Chanda Kochhar down. It would appear that as a person she thought she could do no wrong and as a leader she considered herself above what her company demanded of others in terms of financial probity and honesty. That, my friends, is NOT a good way for a leader to feel,' says S Muraleedharan, former managing director, BNP Paribas.
'Make no mistake, legally Chanda Kochhar was not and still is not obliged to quit.' 'But quitting earlier would have placed her personally and as a leader on a very high pedestal, indeed where she belonged until this lapse,' says S Muralidharan, former managing director, BNP Paribas.
Kalpana Kochhar, country head-India of the International Monetary Fund, says it is 'very difficult not to be bullish on India'
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
The bank board had decided to launch an enquiry to be headed by an "independent and credible person", to examine and enquire into an anonymous whistle blower complaint alleging that the bank MD & CEO had not adhered to code of conduct
Regulators and investigators around the world have access to sophisticated tools making it possible to detect white collar crimes. This is where Indian investigators and regulators have been found wanting, says Sudipto Dey.
Black and gold dominate the red carpet!
'The Left brands any criticism of Islam -- its history, its dogmas -- 'Islamophobic', conflating criticism of an ideology with criticism of a people,' notes Vikram Johri.
World Bank's wrongful depiction of Indian territories as part of Pakistan and China in a map has prompted an Indian lawmaker to lodge a strong protest.
'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures; the attempt to game the system by showing lower non-performing assets,' notes Joydeep Ghosh.
When it comes to key hands-on management positions, India Inc is still largely run by men.
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