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PTC India Financial Services: MD sacked four months ahead of retirement
By IndianMandarins- 20 Jun 2023
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New Delhi (20.06.2023): Following the direction of RBI the Board of controversy-hit PTC India Financial Services (PFC) sent its MD & CEO Pawan Singh on leave four months ahead of his superannuation in October this year. The unceremonious move was taken amid persistent allegations of corporate misgovernance. Ironically, Singh was given a fresh lease of career following his reappointment as the MD & CEO of PFS, PTC India subsidiary in January this year.Reportedly, PFS has already initiated the process to find Singh’s successor in PFC as new MD & CEO.It may be underlined that three of its board members resigned namely; Sushma Nath, Devendra Swaroop Saksena and Jayant Purushottam Gokhale late last year.
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PTC India Financial Services: MD sacked four months ahead of retirement
By IndianMandarins - 2023-06-20 09:36:00
New Delhi (20.06.2023): Following the direction of RBI the Board of controversy-hit PTC India Financial Services (PFC) sent its MD & CEO Pawan Singh on leave four months ahead of his superannuation in October this year. The unceremonious move was taken amid persistent allegations of corporate misgovernance.
Ironically, Singh was given a fresh lease of career following his reappointment as the MD & CEO of PFS, PTC India subsidiary in January this year.
Reportedly, PFS has already initiated the process to find Singh’s successor in PFC as new MD & CEO.
It may be underlined that three of its board members resigned namely; Sushma Nath, Devendra Swaroop Saksena and Jayant Purushottam Gokhale late last year.
