CMD of a public-sector giant in trouble?

By IndianMandarins- 22 May 2023


New Delhi (22.05.2023): If some well-placed sources are to be believed a Chairman and Managing Director of a key public-sector company has landed himself in trouble and fears losing the coveted mandate and position.
Sources say that RBI may issue him notice seeking clarification. It may be underlined that India’s market regulator has already issued legal notices demanding explanations of alleged corporate governance lapses as preliminary evidence of alleged violations of governance and listing norms.

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