RBI Governor Shaktikanta Das on Monday asked bank boards to strengthen internal governance framework to curb unethical practices, such as mis-selling of products or opening of accounts without proper KYC verification. Das also said that the incentives for bank staff should be carefully structured so as not to encourage them to indulge in unethical practices.
Open FlipHomegrown private equity firms ChrysCapital and Motilal Oswal Alternates have led a $153 million (Rs 1,291 crore) investment round in nutrition platform HealthKart, which is operated by Bright Lifecare Pvt Ltd. The two PE firms were joined by Neo Group and HealthKart’s existing investor, A91 Partners, in the investment.
Open FlipA U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect's policies. The S&P 500 fell 2% in the past week, erasing more than half its gains from a post-election surge fueled in part by optimism over the pro-growth policies.
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