Analysts point out that ICICI Bank, India’s largest private sector bank has the Directors and officers(D&O) liability Insurance of substantial amount. The D&O policy provides cover for the personal liability of Directors and Officers arising due to wrongful acts in their managerial capacity. Defence costs are also covered and are payable in advance of final judgment.

“The survey shows growing concern among Indian investors who said they have already left or would consider leaving investment firms as a result of a data or confidentiality breach (41 percent), underperformance (39 percent), and lack of communication (37 percent),”