What’s behind the CEO resignations in India’s private sector banks?

Several private sector bank CEOs, including those from Yes Bank, RBL Bank, Bandhan Bank, and Tamilnad Mercantile Bank, have resigned amidst controversies. These exits stemmed from issues like underreported NPAs, governance lapses, regulatory scrutiny, and forensic audits. The RBI's intervention and subsequent leadership changes highlight ongoing challenges in maintaining stability and governance within the private banking sector.