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An unprecedented number of top executives are set to retire from the bank, amid dangerous levels of stress on its books and concerns over shareholding.

Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.
While the earnings have been encouraging, the real challenge lies in addressing the slowing deposit growth and leadership uncertainty.