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Temasek-backed Fullerton Financial injects Rs 750 cr in Indian subsidiary
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Ex-NOL/APL chief Kastrup and Heliconia s Gan in senior roles at PIL
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Liquidity in UAE banking sector back to pre-Covid-19 level: Central Bank
Waheed Abbas/Dubai Filed on March 16, 2021
The apex bank announced the first stimulus package of Dh100 billion in March 2020 to support economy, banks, businesses and individuals. It was later increased to Dh256 billion to accelerate the economic recovery. File photo
Drawdowns by local banks under the Central Bank’s Targeted Economic Support Scheme (Tess) launched last year at zero-cost to support businesses and individuals stood at Dh22 billion in March 2021
The overall liquidity of the UAE banking system has returned to the pre-Covid-19 level, said Abdulhamid Saeed Alahmadi, governor of the Central Bank of the UAE (CBUAE).
C-Suiters: Who have moved up the corporate ladder this week
According to the survey, 53% of North American CEOs reported being ‘very confident’ about their own organisation’s revenue growth in 2018. Photo: iStockphoto
7 min read
Accord India
A weekly list of C-Suiters who have moved up the corporate ladder either within or outside their companies
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A weekly list of C-Suiters who have moved up the corporate ladder either within or outside their companies.
■ Aditya Harkauli
2 min read
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. 27 Mar 2021
Bank FDs insured up to ₹5 lakh. Should I opt for bank that offers higher interest rates?
Shantanu Mitra will re-join Temasek-backed Fullerton India Credit Company Limited (Fullerton India), as its chief executive and managing director from April 2. Earlier, he was MD and CEO of the company in 2017. Rajashree Nambiar stepped down as MD & CEO in January 2021 after a three-year stint to pursue outside interests. Fullerton, in a statement, said Mitra has over 20 years experience at Standard Chartered and Citibank, where he had stints in India, Singapore and Thailand. His role in Standard Chartered was Senior Regional Risk Officer, India, Middle East & Africa, based in Mumbai. His previous experience with Fullerton included a stint from 2010 to 2017, initially as the head of consumer risk for the parent company Fullerton Financial Holdings and subsequently a very successful tenure as CEO & MD.
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