Yes Bank's audit committee chairman resigns citing governance concerns. Policy changes, JioMart pose risks to global e-commerce players in India, says Fitch.
Stepping Down: Uttam Prakash Agarwal, Yes Bank's audit committee chairman, resigned as independent director yesterday, citing concerns about the standard of corporate governance at the private lender.
In a letter to the regulators, Agarwal said, “There are serious concerns as regards deteriorating standards of the corporate governance, failure of compliance, management practices and the manner in which the state of affairs of the company are being conducted by Ravneet Gill, MD & CEO, Rajeev Uberoi, senior group president governance & controls, Sanjay Nambiar, legal head and board of directors." Livemint
New Rules: International e-commerce firms in India face the risk of increasingly coming under pressure in the current year due to key policy changes and Reliance Retail venturing into the digital marketing space, Fitch Solutions has said in a statement. Click here to read more.
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