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Future growth will depend on governance quality in public, private institutions: HDFC's Parekh
India's future prosperity hinges on robust governance across public and private sectors, emphasized HDFC Bank Chairman Deepak Parekh. He highlighted that ongoing reforms are building a strong foundation for growth, with a call for further banking sector consolidation. Parekh also stressed the immense funding needs for domestic capacity building and the crucial role of self-reliance in a shifting global landscape.
AI isn't the biggest regulatory worry for Indian startups, data governance is: Survey
The study, based on a survey of 550 ecosystem participants, including 350 startups, 100 venture capital (VC) firms and 100 incubators, shows that 44% of respondents identified data governance and digital trust regulations as their primary regulatory concern.
HDFC Bank governance concerns ease; Kotak Mahindra Bank’s next CEO may come from within: InGovern
Shriram Subramanian, Founder and Managing Director of InGovern, believes HDFC Bank has largely moved past the governance concerns triggered by allegations made by its former chairman, with investor focus now shifting to the appointment of a new chairman and the bank's next chief executive.
Treat internal financial controls as business necessity, not as compliance burden: ICAI official
Strong internal financial controls are crucial for businesses, not just for compliance, according to the ICAI President. He emphasized that robust internal mechanisms help identify risks and prevent financial leakages, urging entrepreneurs to prioritize them for their own benefit. This advice comes amid recent governance concerns in the financial sector, highlighting the interconnectedness of good governance and effective internal controls.
Law firms hired by HDFC Bank find no basis for governance doubts raised by former chair Chakraborty
With the legal review out of the way, HDFC bank’s board is likely to take a call on chief executive Jagdishan’s reappointment
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
HDFC Bank chairman search narrows to 3 candidates as board nears decision
HDFC Bank has shortlisted three candidates for its next non-executive chairman, with the board expected to finalise its recommendation by end-June. The decision is closely linked to CEO Sashidhar Jagdishan’s future and comes amid ongoing governance-related scrutiny.
India's Fragmented Water Governance Raises Fiscal Risks, Warns Moody's
Water governance in India is dispersed across more than 28 states.
Aswath Damodaran's warning on trillion-dollar fight over SpaceX and OpenAI in world's most powerful stock index
NYU professor Aswath Damodaran has cautioned that the rush to include newly listed giants such as SpaceX, OpenAI and Anthropic in the S&P 500 could reshape passive investing. While these firms may quickly become some of the market’s largest companies, Damodaran argues they could still be loss-making, have evolving business models and governance concerns a year after listing.
RBI clears three-month extension for HDFC Bank interim chairman Keki Mistry
The Reserve Bank of India has granted a three-month extension for Keki Mistry as interim Part-time Chairman of HDFC Bank. This allows the bank more time to appoint a regular chairman. The decision follows a legal inquiry into former chairman Atanu Chakraborty's resignation. Preliminary findings suggest no governance irregularities.
NSE's long road to Dalal Street: How scandals and lawsuits delayed India's biggest IPO
After years of regulatory probes, court battles and governance controversies stalled its listing ambitions, NSE has finally filed for what could become India's largest-ever public offering.