In today’s briefing:
- Yet Another Instance of Toxic Work Culture in Private Sector Banks
- IEX Ltd- Facing the Tide
Yet Another Instance of Toxic Work Culture in Private Sector Banks
- Obnoxious video of bank official abusing staff for not meeting unrealistic sales targets
- Issue is widely prevalent in the private sector financial system demonstrating poor leadership, communicational and motivational training
- Setting aggressive sales target results in mis-selling, undermines confidence in the financial system and regulatory intervention may impact profitability.
IEX Ltd- Facing the Tide
- Indian Energy Exchange Ltd (IEX IN) is a market leader among power exchanges. However, the company’s market share might be delicate, especially with the developments of market coupling.
- The company might be a market leader, however there are some aspects accounting wise that are unique to IEX as compared to other exchanges like MCX and BSE.
- This includes settlement guarantee fund, accounting of software license, etc.
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