New CEO Vaswani rejigs top leadership at Kotak Mahindra Bank

Ashok Vaswani, the newly-appointed managing director and chief executive of Kotak Mahindra Bank, on Monday announced some key leadership changes by elevating K V S Manian as joint managing director and Shanti Ekambaram as the deputy managing director. File photo of Kotak Mahindra Bank branch in Mumbai. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} “These key leadership changes …

Read more

KVS Manian new joint managing director in Kotak Mahindra Bank reshuffle

Mumbai: Private sector lender Kotak Mahindra Bank announced significant leadership changes on Monday, including re-designating whole-time director KVS Manian as the joint managing director effective 1 March. Manian, an alumnus of the Indian Institutes of Technology (BHU) – Varanasi, with a degree in electrical engineering and a postgraduate in financial management from Jamnalal Bajaj Institute …

Read more

Income Tax: Top banks offer these interest rates on tax saving fixed deposits. See details here

Conservative investors often invest large sums in fixed deposits to earn assured returns on a regular basis, insulated from wild volatility of markets. Besides regular FDs, investors also explore tax-saving fixed deposits (FDs) for earning higher interest while also saving some money via tax exemption. It is imperative to know that the tax deduction under …

Read more

Stocks to buy this week: ICICI Bank, Kotak Mahindra Bank, IndiGo, Voltas among 12 technical picks; do you own any?

Nifty 50 clocked a strong gain of about 3.5 per cent last week, scaling its fresh peaks and crossing the 21,000 mark for the first time on factors, including strong GDP growth, RBI’s upward revision in growth estimates and expectations of political stability and the continuation of policies after the Lok Sabha election 2024 post-BJP’s …

Read more

RBI likely to start digital rupee pilot in call money market by next month

Image Source : FREEPIK.COM RBI likely to start digital rupee pilot The Reserve Bank of India (RBI) is likely to introduce the pilot of the Central Bank Digital Currency (CBDC) for transactions for the interbank borrowing or call money market by October, said central bank Executive Director Ajay Kumar Choudhary on Sunday. The pilot for …

Read more

Exide’s lithium-ion cell project secures Rs 2,000 crore line of credit from banks

Exide Industries Ltd’s Rs 6,000 crore lithium-ion cell manufacturing project has secured a line of credit of Rs 2,000 crore from banks. Exide’s wholly owned subsidiary, Exide Energy Solutions Limited, will be taking the credit facility for rolling out its lithium-ion cell manufacturing and associated projects, which are coming up near Bangalore, a company official …

Read more

Sensex plummets 216 points as opening gains prove unsustainable

Image Source: FILE Market Reverses Opening Gains as Sensex Falls 216 Points Equity benchmark indices witnessed a reversal of early gains and closed lower on Monday. Investors sold off telecom, power, and utility stocks amidst a bearish trend in global markets and profit booking. The 30-share BSE index, after reaching its lifetime high on Friday, …

Read more