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Why IndusInd Bank is in elite company

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10 months ago

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So, what you’re telling me is that the music is about to stop, and we’re going to be left holding the biggest bag of odorous excrement ever assembled in the history of…capitalism?” Jeremy Irons playing John Tuld in Margin Call movie; image credit: Margin Call movie

Synopsis

Global banks have always seen one particular department of theirs take them to cleaners or leave their reputation in tatters.

There is this limerick that opens Salman Rushdie’s novel The Jaguar Smile. It goes something like this. There was a young girl from Nic’ragua who…

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