Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3348
Title: Perspective title - YES Bank fiasco: a corporate governance failure
Authors: Deb, Rajat
Keywords: Bank
Corporate governance
Independent director
Audit committee
Issue Date: Jun-2021
Publisher: Indian Institute of Management Calcutta, Kolkata
Series/Report no.: Vol.48;No.2
Abstract: Financial market has been jolted on 5 March 2020 when the central government has put YES Bank Ltd., India’s fourth largest private bank, under moratorium, and the RBI has come out with a bailout package. The former CEO had extended loans in quid pro quo non-arrangement to the companies confronting financial turmoil. Theoretically, independent directors supposed to bring independent judgement about strategy and risk management which, for the bank, has been miserably failed and has extended loans without considering the borrowers’ ability of repayment. The audit committee has too failed to show its acumen and approved the management’s proposals.
Description: Rajat Deb , Department of Commerce, Tripura University, West Tripura, Tripura, 799022, India
p.181-190
Issue Editor – Manisha Chakrabarty
URI: https://doi.org/10.1007/s40622-021-00277-7
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3348
ISSN: 0304-0941 (print version) ; 2197-1722 (electronic version)
Appears in Collections:Issue 2, June 2021

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