Axis Bank Ltd

Axis Bank’s Toxic Call to Staff to Fight, Abuse, and Undermine One Another in Pursuit of Business

ESG
508 Views, 10 Jan 2022 12:57
EXECUTIVE SUMMARY
  • Toxity in Axis Bank's work culture confirmed by Ravi Narayanan - Group Executive, retail liabilities and branches
  • Senior executive at town hall meeting allegedly stated “employees should fight, abuse and complain amongst them [sic] for business, this is the attitude what [sic] I like”
  • Strategy of abuse so far has failed but with board's endorsement, more of the same is being implemented which may have adverse impact on performance 
detail (5-minute read)
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Hemindra Hazari
Specialist in Indian banking and economic research
IndiaFinancialsEquitiesESGThematic (Sector/Industry)

Is a Securities & Exchange Board of India (SEBI) registered research analyst with over 25 years experience in the Indian... 

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