Fortune India
Fortune India

Fortune India

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Regulator RBI’s governance circular has private banks and their CEOs in a spin. The RBI believes boards and its committees get over-awed by long-standing CEOs. They stop asking tough questions from the CEO. Hence, their tenure must be limited. Importantly, as long as they are CEOs, their powers must have oversight of independent committees. CEOs see in this a great conspiracy to undermine their authority. But they are in a losing battle. In a fight with the boss, there can only be one winner—the boss. But this tussle comes at an inopportune moment. Bank CEOs are on tenterhooks over RBI’s governance code at a time when banks are hit by worsening asset quality due to the pandemic. By 2023, almost all long-term private bank chiefs will be forced to bid adieu. Lack of visibility over tenures has caused embarrassment to incumbents and boards even as big institutional investors seek clarity on succession plans. Our cover story this issue takes you inside this silent battle—and its implications.

 Our special issue package this month focusses on sustainability, an area that is pregnant with excitement after India’s two richest men Mukesh Ambani and Gautam Adani have announced massive multi-billion dollar investments in green projects.

Fortune is one of the most respected business magazines in the world. It is known for its unrivaled access to world’s most influential leaders and decision-makers. In a world of business long on information and short on time, Fortune stands out with trusted insight, deep reporting and provocative story telling. Few publications cover the world of business with as much depth, breadth, wisdom, and panache. That’s why Fortune is recognized as ‘the best magazine in the world that just happens to be about business’. Fortune 500 is perhaps the best-known brand in business journalism and the ultimate hallmark of corporate success. Launched in India in October 2010, Fortune India retains the spirit of the global brand with respect to thought leadership and practice from across the world every month while adding an Indian dimension. It is the only truly global business magazine dedicated to the global success of Indian business leaders, offering actionable insights to propel their businesses. Fortune Indai is published every month. Fortune India publishes 12 issues (8-regular issues and 4 special- listing issues) in a year. Single Issue Digital price for regular issues is 150 INR and 200 INR for special issues