Chanda Kochhar, managing director and chief executive officer of ICICI Bank, attends the Annual Bankers’ Conference in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India’s Corporate Governance Problem Continues

BloombergQuintOpinion
I have previously written about the particular agency problem for promoter-led companies: protecting minority shareholders. Promoters have considerable leeway to siphon corporate resources away fro...