Out of PCA, IDBI Bank can now expand business

The bank will now be in a position to resume normal lending activity, including corporate lending, with tightened risk management framework. Private lender IDBI Bank is out of prompt corrective action (PCA) after improving its finances and credit profile, the Reserve Bank of India (RBI) said on Wednesday. This eases […]

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Succession saga at Murugappa Group gets murkier

Valli Arunachalam had alleged that the group promoters have a gender bias against women getting into the family business and, hence, she and her sister were denied a berth on AIL’s board. Valli Arunachalam, the eldest daughter of former Murugappa group executive chairman M V Murugappan, and her family have […]

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Why there was an SMS outage this week

Instead of relying on technology that is not in their control, businesses should stop using SMS based OTPs and start using other software-based or hardware-based token authentication, which are in their control, says Venkata Satish Guttula. When cellular services started in India, SMS was the favoured medium for communication. Value-Added […]

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