ICICI Lombard reported a corporate governance lapse after draft financial results were accidentally posted on a senior employee’s personal WhatsApp status. The insurer promptly removed the post and informed stock exchanges as a precaution. This incident highlights concerns over safeguarding sensitive information amid informal messaging, following a similar case with Hatsun Agro Product.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs