In a detailed letter to the Reserve Bank of India, Uttam Prakash Agarwal has claimed that the country's fourth largest private bank has seen "a massive erosion in its market cap" owing to Gill's undue influence on the board members which enabled him to flout rules. Agarwal alleged that Gill allowed unreasonable fees to be paid to certain select advisors.
from Banking/Finance-Industry-Economic Times https://ift.tt/2SnZgWF
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