SATYA MicroCapital Ltd., a NBFC-MFIs, has announced the appointment of Mrs. Deepali Pant Rajeev Joshi, as a new Independent Director on the Company’s Board with effect from September 24, 2021. Mrs. Joshi has done post-doctoral work in Finance and Economics (on secondment from the RBI) from Harvard University Harvard Asia Centre. She is member of…
Private lender HDFC Bank recently announced that its board had finalized three candidates to replace the outgoing Managing Director Aditya Puri. Aditya is set to retire in the month of October this year. According to a stock exchange filing, the company said, “We wish to inform that pursuant to the recommendations of the search committee…
Chanda Kochhar, the former Managing Director of ICICI Bank on Monday submitted the amended petition challenging her termination from the bank in the Bombay High Court. The amended petition has now added RBI as a party to the case. The amended petition claimed that the RBI gave the approval without “due and proper application of…
In a recent development in the case of Chanda Kochhar versus ICICI Bank, the former CEO has sought permission from the Bombay High Court to amend her petition in view of the reply given by the bank to the court. Kochhar had earlier (30th November) moved the court challenging her termination and subsequent clawback of…
Citing personal reasons Reserve Bank of India Governor, Urjit Patel has stepped down from his post. Patel, 55, took over as the 24th Governor of the central bank on September 5, 2016, for a term of three years. He had the shortest tenure since the year 1992. “On account of personal reasons, I have decided to step…
Allahabad Bank on Thursday announced that the Centre is infusing Rs 3,054 crore into it as an investment during the current fiscal. “In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the bank has received a communication from the Government of India, Ministry of Finance, Department of…
National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund announced that it has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI and customary closing conditions. The company has a loan book of more than Rs…
The Reserve Bank of India(RBI), the Central Bank of the country, seems to have realized the relevance of relevant and well benchmarked HR process and policies. It has recently (on 19th July 2012) floated a requirement to empanel HR consultants for a range of services to support the bank “in framing, implementing and delivering integrated…