ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

CARE Ratings sends CEO Mokashi on leave after anonymous complaint

Mumbai (Maharashtra) [India], July 18 (ANI): CARE Ratings has sent its Chief Executive Officer and Managing Director Rajesh Mokashi on leave till further notice after an anonymous complaint was filed against him at the Securities and Exchange Board of India (SEBI).

ANI Jul 18, 2019 12:12 IST googleads

CARE Ratings is the second-largest credit rating agency in India

Mumbai (Maharashtra) [India], July 18 (ANI): CARE Ratings has sent its Chief Executive Officer and Managing Director Rajesh Mokashi on leave till further notice after an anonymous complaint was filed against him at the Securities and Exchange Board of India (SEBI).
The decision is pending completion of an examination of an anonymous complaint received by the market regulator and forwarded to CARE Ratings, the agency said.
"The board of directors of CARE has decided to appoint TN Arun Kumar, currently Executive Director (Ratings), as interim CEO of the company. He will not be part of rating operations to ensure independence of ratings," CARE said in a statement.
Earlier this month, Moody's Investors Services' India unit ICRA Ltd sent its CEO and Managing Director Naresh Takkar on leave over a similar anonymous complaint. The complaint said that ICRA's top management had interfered in assigning high ratings to IL&FS and its subsidiaries.
Rating agencies have come under severe criticism for missing warning signs like IL&FS rocketing debt load beyond normal levels. The default of infrastructure financier reverberated the country's credit markets and triggered a liquidity crisis which has crippled non-banking finance companies. (ANI)

Get the App

What to Read Next

Business

Seven more districts added in 6th phase of mandatory hallmarking

Seven more districts added in 6th phase of mandatory hallmarking

The move is part of the phased implementation of mandatory hallmarking being carried out by the Bureau of Indian Standards to ensure the purity of gold jewellery and protect consumer interests.

Read More
Business

Advancing Minimally Invasive Cardiac Care

Advancing Minimally Invasive Cardiac Care

Bengaluru (Karnataka) [India], March 12: Narayana Health City has successfully completed over 100 robotic cardiac surgeries in a single month, marking a significant milestone in advanced heart care. The achievement reflects not only exceptional surgical expertise and clinical precision, but also the seamless integration of cutting-edge robotic technology to deliver consistently strong patient outcomes across adult and paediatric cases.

Read More
Business

World Kidney Day: Understanding Kidney Health Before

World Kidney Day: Understanding Kidney Health Before

New Delhi [India], March 12: On the occasion of World Kidney Day, leading kidney experts from across India come together to highlight the growing importance of kidney health and early awareness. As kidney diseases often progress silently without noticeable symptoms in the early stages, timely screening and preventive care are essential. Through their insights, these specialists emphasize the need for healthier lifestyles, regular health monitoring, and greater public awareness to help people protect their kidneys before serious complications arise.

Read More
Business

Livasa Hospitals to Enter Ludhiana with 368-Bed Multi-Speciality

Livasa Hospitals to Enter Ludhiana with 368-Bed Multi-Speciality

Ludhiana (Punjab) [India], March 12: Livasa Hospitals announces its expansion into Ludhiana with the development of a 368-bed multi-speciality tertiary care hospital, marking a significant step in strengthening its healthcare network across Punjab. The new facility will support Livasa's long-term vision of expanding its healthcare footprint to nearly 2,000 beds and improving access to advanced medical care for patients across the region.

Read More
Business

'Iran conflict amplifies insurance risk, but losses manageable'

'Iran conflict amplifies insurance risk, but losses manageable'

Insurers and reinsurers that provide coverage of complex risks such as marine, aviation and political violence are likely to face outsized claims as a result of the ongoing Iran conflict, said Moody's Ratings.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.