HDFC Bank’s chairman resigned over “ethical” differences, sparking market turmoil. The rift reportedly stemmed from disagreements on accountability for client losses tied to Credit Suisse bonds and Dubai branch restrictions. The former chairman sought greater responsibility for senior officials, clashing with management’s approach.
Sebi tightens conflict safeguards with recusal framework
In a significant move, SEBI has established a formal framework for recusal among its senior officials. This code mandates that officials withdraw from matters where