Private sector lender Bandhan Bank on Friday said its founder, managing director and CEO Chandra Shekhar Ghosh has tendered his resignation. Ghosh would retire from the services of the bank as MD and CEO upon completion of his current tenure on July 9, 2024, the bank said in a regulatory filing. "After leading the bank for almost a decade, including three consecutive tenures as MD & CEO, I feel that the time has now come for me to assume a larger strategic role at Bandhan group level," Ghosh said in a letter addressed to the board.
Corporate India is busy restructuring - through mergers, demergers and splits. That seems to be the new normal as CXOs and boards brainstorm on how to create assets and value. The pitch rose significantly during the third quarter of this financial year (FY24), translating into $32.9-billion worth of such deals - the highest quarterly total since the HDFC Bank-HDFC merger announced in FY22 Q2.
It may be a 'no-go' for banking licences to large industrial houses.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
FIPB has deferred 18 proposals.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
AIBEA said that on April 19 its officer bearers would meet in Punjab to decide the next course of action.
The resistance to Lodha panel reforms remains deep rooted in the Board of Control for Cricket in India.
On Wednesday, the court approved revision in toll rates at the gate in Manesar. Subsequently, the road ministry gave a nod to an 80 per cent rise in toll rates.
Standard and Poor's raised the outlook for India's "BBB-minus" rating back to "stable" from 'negative,' saying Prime Minister Narendra Modi government's 'strong' mandate would allow it to implement fiscal and economic reforms.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
Licence winners are expected to be announced by the first quarter of 2014.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
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