By IndiaHub 
Synopsis
Global banks have always seen one particular department of theirs take them to cleaners or leave their reputation in tatters.
There is this limerick that opens Salman Rushdie’s novel The Jaguar Smile. It goes something like this. There was a young girl from Nic’ragua who smiled as she rode on a jaguar they returned from the ride with the young girl inside and a smile on the face of the jaguar. On March 11, IndusInd Bank became the young lady from Nic’ragua and its treasury department the jaguar. The good news is that the jaguar hasn’t completely swallowed the lady. It
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